Loan from partnership firm
SOURAV SAMANTA (106 Points)
05 February 2019
Dear sir, Can partnership firm gives loan to pvt ltd. company ? pls reply
4 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 06 February 2019
yes it can give. if the firm is related party to the Pvt co and provisions of payment to relatives as per income tax shud be adhered
Madhu Reddy
(12 Points)
Replied 06 February 2019
company should not accept any monies from any outside other than by way of deposits from public and others sources as per sec 67 and rules prescribed there under
George
(Hi)
(22 Points)
Replied 10 February 2019
This website is so helpful. I have been writing an admission essay online about corporative law and the information here helped me a lot :) Thank you for creating this.
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