TaxTMI 
TaxTMI 
Dear Sir
As per section 3 LLP is a body corporate, does it mean that a company can loan from LLP? Sir pls subsiante with any section, if any?
LLP AS BODY CORPORATE
06 Jun 2015 
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Limited Liability Partnership status raises whether LLPs may lawfully lend to or borrow from companies under company law.
Whether the characterization of a Limited Liability Partnership as a body corporate under section 3 means that a company can take a loan from, or give a loan to, an LLP is the central question, identifying two transactional directions and requesting statutory substantiation for the lending capacity implied by corporate status. (AI Summary)
Whether the characterization of a Limited Liability Partnership as a body corporate under section 3 means that a company can take a loan from, or give a loan to, an LLP is the central question, identifying two transactional directions and requesting statutory substantiation for the lending capacity implied by corporate status. (AI Summary)