A company is a designated partner in a LLP.
The LLP is taking a loan for which the partner company will be giving corporate guarantee.
Please advice whether it would violate provisions of Section 185 of the Companies Act.
1 Replies
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 01 August 2014
Hi Deepika,
first of all as far as i know, Company can become a partner but not a designated partner in a LLP.....it has to be an individual......
Secondly, if the designated partner is a director or its relative then only sec 185 will be attracted, otherwise sec 186 will have to be followed.....
Recent Topics
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
Related Threads
CAclubindia
