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lexbery (d)     08 June 2019

Personal loan for partnership firm

i have shares in my personal name, i take loan against those shares (LAS) in my personal name

can i use this funds (loan in my name) received in the partnership firm where i am also a partner?

if yes, will it be considered as loan or introduction of fresh capital?



Learning

 2 Replies

Adv Rohit Dalmia 9324538481 (Lawyer)     08 June 2019

Hello!

I guess this question is wrongly put up before this forum. It should be put to CA who can give better solution for this matter. I can connect you to good CA who can guide you, if you wish so.

 

Regards

Adv. Rohit Dalmia

9324538481

 

Sreemannarayana Mallela   17 June 2019

yes it's loan to firm and you can entitled interest on capital

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