Fte under companies act

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2015 I want to know that as per annexure C of FTE how shall I treat the cash balance available for inoperative company since incorporation...
should i show capital at liability side and cash balance available at asset side??

CS JAY GOHIL

CS JAY GOHIL (Expert)
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05 March 2015 first conditions of FTE is nil asset and loabilities.

further distribute cash or bank balance to share holders in their respective holding ratio

Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2015 then what shall be on liability side only share capital??
I have share capital of 1 lac Rs. and have not under taken business since incorporation. where as subscribed capital is appearing in cash balance there is no liability and asset other than this.
how can I treat it in statement of accounts?

CS JAY GOHIL

CS JAY GOHIL (Expert)
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09 March 2015 REPAY THE FUND COMPANY HAS. treated same amount as SURPLUS DISTRIBUTED AMONG SHARE HOLDERS AT TIME OF WINDING UP. shows liability side capital of rs 1.00 lacs & loss on asset side of rs 1.00 lac and go for FTE