liquidation
This query is : Resolved
27 May 2010
my client is having private limited company having a share c/p of Rs.2500000 on liabilities side and on asset side a loss of Rs.2254020 & other exp of rs 245980 is there as on 31/03/2010. now he want close the company. there 2 directors in comapny. i wanted to know the following points
1)what will be the frist step to liquidate
2)if company having any charge then after filling form 17 what will be the next step
3)any other things we should take care of with out geting penalty
1)what will be the frist step to liquidate
2)if company having any charge then after filling form 17 what will be the next step
3)any other things we should take care of with out geting penalty
06 June 2010
There is some good news for you. If the company has not carried out operational activity since 1/4/2008, then the company may be easilly wound up under the new easy exit scheme introduced by MCA which is effective from June 1.
However, if the company is still carrying on operations, then a simple way would be voluntary winding up under Section 433.
As regards, the charge, it has to be dealt in accordance with the arragement with the lenders.
However, if the company is still carrying on operations, then a simple way would be voluntary winding up under Section 433.
As regards, the charge, it has to be dealt in accordance with the arragement with the lenders.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Salary from Qatar in Dollars in India
- GST ISSUE OF INPUT AND OUTPUT GST
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
