Loan from pvt ltd to partnership firm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 December 2014 Hello,

please let me know, can a partnership firm take loan from any pvt. ltd. company for short duration with or without interest

thanks

CA VISHWAKEERTHI.P.S.

CA VISHWAKEERTHI.P.S. (Expert)
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14 December 2014 Yes.

Only through cheque.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 December 2014 Can take loan provided the lending company has to comply the provisions of section 186 of the Co's Act,2013. The loan should necessarily carry interest as per sub-section (7) of the referred section.

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CA VISHWAKEERTHI.P.S.

CA VISHWAKEERTHI.P.S. (Expert)
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14 December 2014 Agreed with chackrapani.

In case of partnership no issue if got through cheque.

In case of company provision of 186 to be compiled .