Partnership

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2015 Can A Private Limited Co. make a partnership with his director or individual., if yes then in what situation.

Querist : Anonymous

Querist : Anonymous (Querist)

19 June 2015 A private limited Co. has purchase a vacant Land Of Rs.50 Lack and director make construction on those land from their personal account due to insufficient of fund with company, now company has no money to repay to director the cost of construction on land and now director want to make partnership with company because they invest in construction on land of company of Rs.52 lack,
can director make partnership with company or not,if not then what is other solution to repay the amount of construction to director.