Q. Pvt Ltd. Company take loan from LLP or partnership firm & HUF ?

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Question added Apr 15 Corporate Matters/LLP By MK ARORA, CA in Practice, DELHI
Sir

Pvt Ltd Co. take loan from firm and HUF?

Also suggest whether company give loan to firm?

1 Answer

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answered Apr 25 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
No, Pvt. Ltd. Company cannot take loan from firm or HUF

For giving loans, ensure toi comply with section 185 and 186 of Companies Act

Concept by CA Pramod Jain

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