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Q & A

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Can a Private Limited Company accept loan from a Partnership firm. The partners are no way related to the Private Limited Company. if no under which section or Rules.

Fund raising

Posted By: Divakaran suresh 8 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Divesh Goyal

No Private Limited can't accept loan from the partnership firm. Its can accept loan only from members, directors and relative of directors only.

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    CA Shanu Parakh

According to section 73 of the Companies Act 2013 and Companies (Acceptance of deposits) Rules 2014, a private company cannot accept loan from a partnership firm.

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