I have to close a private limited company under FTE scheme. Company has only share capital and bank balance in balance sheet. FTE scheme has a condition of NIL assets and liabilities, so my question is regarding liquidation of assets. Can i transfer bank balance to shareholders to make my balance sheet NIL? if not then please tell me the procedure to liquidate it.
Menu
Closure of company
Replies (1)
I think you can transfer but i am not sure
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
