Pvt. co can give unsecured loan to llp
This query is : Resolved
30 May 2017
HI,
Pvt. Ltd. Co. is partner of LLP. So I want to know that Pvt.co. partner of LLP can give loan to LLP??? Please share any Legal section for the same.
Pvt. Ltd. Co. is partner of LLP. So I want to know that Pvt.co. partner of LLP can give loan to LLP??? Please share any Legal section for the same.
30 May 2017
Read sec 185 and 186 of companies act
01 June 2017
Company can extend loans to an LLP. However the provisions of Section 186 of the Companies Act, 2013 shall be applicable for extending loan to LLP since it is a body corporate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
