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(Querist)
19 July 2011 As per FTE of MCA, Company should not have any assets and liabilities.
Company has shown Share capital Rs. 1,00,0000/- Cash Rs. 50,0000/- and P & L (DR.) Rs. 50,000/-. as on 30.06.2011

MCA has required resubmission stating that company should not have any assets and liabilities.

How can it be shown in Balance sheet.
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Saroja

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Saroja (Expert)
19 July 2011 my view

show the cash Rs.50000 under Miscellaneous Exp., and file it again

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