Easy Office
LCI Learning

Inter Corporte Deposits

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 August 2010 Can a Partnership Firm accept Inter Corporate Deposits (?) Is there any restriction on it (?)
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
05 August 2010 There is restrictions on company u/s 372A of Companies Act, but there is no such restrictions on Partnership Firm.
Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
05 August 2010 AGREED, PARTNERSHIP FIRM CAN TAKE DEPOSITS FROM CORPORATE BODIES, BUT COMPANY CAN'T TAKE DEPOSITS FROM PARTNERSHIP FIRM.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

VINOD ARORA

Profile Image

VINOD ARORA (Expert)
07 August 2010 There cant be any word "inter corporate deposits" utilised in the context of p-firms.

However, there are no restrictions on p-firms for accepting loans in contrast to companies.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links