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Loans from related parties

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(Querist)
13 February 2015 Hello friends,
Can a company take loan from a partnership firm in which the director of the company is a partner in the firm ?
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c.bakshi

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c.bakshi (Expert)
13 February 2015 NO, in the present provisions of the Companies act, 2013. No company can accept money from any entity or person except from the director of the company

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