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Easing of compliance norms under Companies Act


After commencement of various provisions of the Companies Act, 2013 and rules thereunder, various issues received from Industry Chambers and stakeholders were examined in consultation with stakeholders. In order to address the issues received, certai


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Experts Exchange

Partnership firm

Posted by ketanpopat



Hello Experts,

We are planning to make a partnership firm with 20 partners, each will contribute Rs.50,000. Our firm will engage in trading business.

We have some questions: Can any partner(e.g. partner A) from our firm borrow money independently on behalf of firm? If yes, then lets assume that partner A runs away with that money(considering that he borrowed in cash), then is there any way to protect firm or other partners from that liability?

Please advice, thank you.


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Loan & Investment by Company


SECTION: 186 LOAN & INVESTMENT BY COMPANY   APPLICABILITY: This is applicable for Private Company and Public Company.


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Updated on : 29/05/2015 06:36:00

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