Loan by llp
This query is : Resolved
13 June 2017
Dear Experts,
Is it possible to provide loan by LLP to a company?
The main object of the LLP does not contain any clauses which showing that LLP is doing loan business and LLP is not registered under state money lending ACT.
Is it possible to provide loan by LLP to a company?
The main object of the LLP does not contain any clauses which showing that LLP is doing loan business and LLP is not registered under state money lending ACT.
13 June 2017
Yes. but it will be treated as Deposit. and need to comply with the terms and conditions of Companies (Acceptance of Deposit) Rules 2014
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
