Companies Act lending restriction expanded to cover limited liability partnerships under the amended related-party prohibition. Section 185 of the Companies Act, 2013 is amended by inserting the words 'or limited liability partnership' after the words 'any firm' in sub-section (1), clause (b). The amendment expands the existing prohibition or restriction in that clause so that the relevant provision applies not only to a firm, but also to a limited liability partnership.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Companies Act lending restriction expanded to cover limited liability partnerships under the amended related-party prohibition.
Section 185 of the Companies Act, 2013 is amended by inserting the words "or limited liability partnership" after the words "any firm" in sub-section (1), clause (b). The amendment expands the existing prohibition or restriction in that clause so that the relevant provision applies not only to a firm, but also to a limited liability partnership.
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