14 August 2008
WE HAVE A COMPANY ABC PRIVATE LIMITED HAVING PAID UP CAPITAL OF RS. 100,000/- 7 RESERVE & SURPLUS IS RS. 50000/-. THE AMOUNT IS LYING IN THE BANK A/C OF THE COMPANY. THE PROMOTERS, DIRECTORS AND SHAREHOLDERS WISH TO WIND UP THE COMPANY. PLEASE TELL ME THE PROCEDURE FOR THE SAME & IN REFENCE TO WHICH SECTION.
Guest
Guest
(Expert)
10 October 2009
pass resolution for winding up in general meeting.
apply to high court.
high court will appoint liquidator
liquidator will clear all accounts.
High court will wound up the company
Guest
Guest
(Expert)
10 October 2009
However, I advise you to goby section 560 method as it is very less expensive method.
Because winding up is costly procedure and expense reach to 2 lacs also
CAclubindia
