Selling my comapny

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The user is looking for advice on how to sell their small company, incorporated in 1997, with a paid-up capital of 13.5 lakhs. The company has a carried forward loss of approximately 3 lakhs due to administrative expenses and depreciation, but owes no money to anyone. Despite the loss, it can still trade with Cochin stock brokers, and the buyer could potentially utilise the carried forward loss over time.

Isen Oommen

Isen Oommen (Querist)

31 October 2020 I have a small company whose paid-up capital is 13.5 laks. The company was incorporated in 1997.
It was a member of the erstwhile Cochin stock exchange.
Now the Stock Exchange is not trading independently so members became authorized persons.
The company has a carried forward loss of around 3 lakhs .
The company can still trade with Cochin stock brokers ltd
How can I sell this company
Your advise

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

01 November 2020 No body will buy this company now with carried forward loss close it.

Isen Oommen

Isen Oommen (Querist)

01 November 2020 Pl note the company owes no one any money.The carried forward loss is because of administrative exp deprec etc etc any one buying the company can get 1/8 carried forward loss per yr

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