Treatment of Shares holding in the private co struck off
This query is : Resolved
Guest
Guest
(Querist)
30 April 2011
Dear Friends / Experts,
A, an individual is showing as holding of 10,200 shares (of a private company) in his accounts.
A was the promoter director of the said private company.
The company was struck off by RoC in Feb. 2011.
Query
In the accounts of A, how to pass necessary entry for such holding of shares.
Ans : ....................
As A was the promoter-director-shareholder, there seems to be no record for the return of money from the company to A by way of a cheque / DD. How to account it properly in the books of A ?
Ans : ....................
I will wait for the reply.
Thanks.
A, an individual is showing as holding of 10,200 shares (of a private company) in his accounts.
A was the promoter director of the said private company.
The company was struck off by RoC in Feb. 2011.
Query
In the accounts of A, how to pass necessary entry for such holding of shares.
Ans : ....................
As A was the promoter-director-shareholder, there seems to be no record for the return of money from the company to A by way of a cheque / DD. How to account it properly in the books of A ?
Ans : ....................
I will wait for the reply.
Thanks.
30 April 2011
You have to write off these shares in the books of A as loss.
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