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Fast track exit scheme

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 February 2012 Dear all,


i want to make application for strike off the name of the company under FAST TRACK EXIT SCHEME and i have following financial situation in its Balance sheet

Share Capital Rs. 1,00,000/-
P&L (Debit Balance) Rs. 64000/- and
Misc. Exp to the extend not W/O Rs. 36,000/-

but when ever i put figures in Misc. Exp in e-form "FTE" it shows error that, Amount of Misc Exp should be Zero

pls guide me about this.


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Ravikant

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Ravikant (Expert)
01 February 2012 for FTE - there should not be any Asset and Liability. Misc Exp counted under Asset - hence the error. write it off fully in P&L
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Jiten Gupta

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Jiten Gupta (Expert)
02 February 2012 For making an FTE, company should have Nil assets and Liability at the date of making application.
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