Winding up under section 560 of companies act 1956
This query is : Resolved
05 April 2016
I want to wind up a company which has only Cash on its Asset side and Paid Up Capital, Free Reserves and Current Liabilities on the Liabilities Side. Value of Current Liabilities is much higher then Cash available. So please guide me how to wind up the company if its has current liability still standing.
06 April 2016
As per MCA circular No. 36/2011 dated 7 June 2011, following are the main criteria for making an application under FTE:- Main criteria
(1) The company applying under FTE should not have any asset and liability.
(2) The company should not have commenced any business activity or operation since incorporation or at least one year must has been passed since last business activity or operation.
(1) The company applying under FTE should not have any asset and liability.
(2) The company should not have commenced any business activity or operation since incorporation or at least one year must has been passed since last business activity or operation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- GST not cancelled by tenant
- Invertaded duty struture
- Non-Compliance documents have not been submitted by the contractors debited
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
