https://www.taxtmi.com/forum/issue?id=119881 Private companies can accept loans from partnership firms where directors are partners provided related party rules are observed: disclose and obtain board approval and, when limits trigger, shareholder approval under Section 188; ensure the transaction is not treated as a prohibited director loan under Section 185; verify deposit provisions and exemptions under Section 73; document legitimate fund sources, use banking channels, charge arm's length interest to satisfy tax provisions, and ensure the lender complies with applicable money lending laws. en-us Thu, 17 Apr 2025 11:20:25 +0530 Fri, 30 May 2025 18:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119881 Private companies can accept loans from partnership firms where directors are partners provided related party rules are observed: disclose and obtain board approval and, when limits trigger, shareholder approval under Section 188; ensure the transaction is not treated as a prohibited director loan under Section 185; verify deposit provisions and exemptions under Section 73; document legitimate fund sources, use banking channels, charge arm's length interest to satisfy tax provisions, and ensure the lender complies with applicable money lending laws. Discussion-Forum Companies Law Thu, 17 Apr 2025 11:20:25 +0530 https://www.taxtmi.com/forum/issue?id=119881