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Fte under companies act

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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)

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)

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

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