Can Partners Recieve or give Interest Free loans to / from LLP?
As per which section?
CA.Anupriya Agarwal (Practising CA) (110 Points)
17 July 2012Can Partners Recieve or give Interest Free loans to / from LLP?
As per which section?
CA M Indani
(Partner)
(345 Points)
Replied 17 July 2012
yes . partner of llp can give loan to llp @ 0 interest..better it is traeted as additional capital brought in to LLP by partner.. LLP agreement may contain a clause regarding the said transaction....no other restriction for it.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 17 July 2012
yes partner can take / give loan to LLP at 0%
Vipul Nilawar
(Self Employed)
(33 Points)
Replied 10 October 2014
if LLP take Loan from his parteners, any requirments of filing in ROC for taking loans from partener
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