Partnership firm accepting funds from private parties?
This query is : Resolved
03 October 2009
Dear Sirs,
Can a Partnership Firm carrying on the business of trading in capital market(shares, derivatives, commodities, currency)accept funds from private parties at a mutually agreed rate?
What are the ways funds can be accepted from private parties by such firm?
Can a Partnership Firm carrying on the business of trading in capital market(shares, derivatives, commodities, currency)accept funds from private parties at a mutually agreed rate?
What are the ways funds can be accepted from private parties by such firm?
04 October 2009
Yes firm can accept fund as unsecured loan and Rate of Interest should not be abnormal.
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