Loan transaction between partnershipfirm and pvt ltd company

This query is : Resolved 

30 October 2016 Query:
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As far as the issue of loan to be given by the partnership firm to a pvt ltd company is concerned, first of all any of the partners of the partnership firm should become a share holder of the pvt ltd company and later the partnership firm can give an unsecured loan to the pvt ltd company and the pvt ltd company will then provide the yearly interest on unsecured loan taken.

Am I right Sir,

tks & rgds

yrs truly
tarique rizvi
982 1630 130




02 November 2016 Acceptance of loan by private limited company is governed by acceptance Companies (Acceptance of Deposits) Rules. You have to go through these rules to comply with all conditions. Primefacie, a company can accept loan from a director or a relative of director.

02 November 2016 Acceptance of loan by private limited company is governed by acceptance Companies (Acceptance of Deposits) Rules. You have to go through these rules to comply with all conditions. Primefacie, a company can accept loan from a director or a relative of director.




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