Nil assets and nil liabilities means for a pvt. ltd. comapan
This query is : Resolved
VICKY SRIVASTAV
(Querist)
18 September 2012
Dear Sir(s),
For Closure a Pvt. Ltd. Company under Fast Track Exit (FTE) Mode, here required Nil Assets and Nil Liabilities.
How Balance sheet turn into Nil Assets and Nil Liabilities ?
Or, Nil Assets and Nil Liabilities means Zero B/S for a Pvt. Ltd. Co. ?
Pls, advise me sir(s) on Urgent basis
For Closure a Pvt. Ltd. Company under Fast Track Exit (FTE) Mode, here required Nil Assets and Nil Liabilities.
How Balance sheet turn into Nil Assets and Nil Liabilities ?
Or, Nil Assets and Nil Liabilities means Zero B/S for a Pvt. Ltd. Co. ?
Pls, advise me sir(s) on Urgent basis
CA Ayush Agarwal
(Expert)
18 September 2012
No. There is requirement of having NIL Balance Sheet.
Means Nothing Can be Say Bank/Cash.
NIL Means Not Assets-Liablities
It Means All Balances NIL.
& How Turn:-
That You Have to Settle All Balances Regarding payables Receivables.
Means Nothing Can be Say Bank/Cash.
NIL Means Not Assets-Liablities
It Means All Balances NIL.
& How Turn:-
That You Have to Settle All Balances Regarding payables Receivables.
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