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    Loan from Company to LLP

    Posted By : damini / Published on : 13-Mar-2020 06:38 AM / View : 225 / Comment : 0

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    Dear Professionals,

    Section 185 ( 2) states that a Company can advance any loan (including Book debt) or give any guarantee or provide any security in connection with any loan taken by

    (a) any private company of which any such director is a director or member;

    (b) any body corporate at a general meeting of which not less than 25% of the total voting power may be exercised or controlled by

    a. any such director, or

    b. by two or more such directors, together; or

    Query

    if Body corporate (LLP) holding less than 25% ( partners of LLP) than the company can provide loan to LLP or not ??

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    Read more on : company loan

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