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Pvt. co can give unsecured loan to llp

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(Querist)
30 May 2017 HI,

Pvt. Ltd. Co. is partner of LLP. So I want to know that Pvt.co. partner of LLP can give loan to LLP??? Please share any Legal section for the same.
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CA Mohit Kumar

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CA Mohit Kumar (Expert)
30 May 2017 Read sec 185 and 186 of companies act
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
01 June 2017 Company can extend loans to an LLP. However the provisions of Section 186 of the Companies Act, 2013 shall be applicable for extending loan to LLP since it is a body corporate.
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