WINDING UP OF THE COMPANY
This query is : Resolved
19 January 2008
Company paid upshare capital is 15 lacs
Accumulated lossed 9.5 lacs
Cash and Bank Balances 5.5 Lacs
Share holders want to withdraw the cash and bank balance.
What is the easiest option available for closing the company ?
Accumulated lossed 9.5 lacs
Cash and Bank Balances 5.5 Lacs
Share holders want to withdraw the cash and bank balance.
What is the easiest option available for closing the company ?
20 January 2008
Rather than going for winding up option you can also go for the sec.560 procedure,e.i. stricking off the name of the company from the register of ROC.
Winding up is the lengthy procedure and also that will not be a cost effective.
Winding up is the lengthy procedure and also that will not be a cost effective.
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