https://www.taxtmi.com/forum/issue?id=113672 Whether a private limited company may advance a loan to a partnership firm in which a director who holds half of the company's shares is a partner; the company proposed to fund the advance from equity and has no external borrowings. The responding practitioner advised that such a loan cannot be granted and invited further expert views, flagging related party, fiduciary and statutory considerations. en-us Wed, 25 Apr 2018 17:53:10 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113672 Whether a private limited company may advance a loan to a partnership firm in which a director who holds half of the company's shares is a partner; the company proposed to fund the advance from equity and has no external borrowings. The responding practitioner advised that such a loan cannot be granted and invited further expert views, flagging related party, fiduciary and statutory considerations. Discussion-Forum Companies Law Wed, 25 Apr 2018 17:53:10 +0530 https://www.taxtmi.com/forum/issue?id=113672