Closing a Pvt Ltd Company

Pvt ltd 682 views 2 replies

Hello,


I want to wind up a P. LTD. company in which business is not started since incorporation under "Easy Exist 2010" scheme.  The co. is 10 year old & Paid up Capital is Rs. 1.00 lac.

The Co. had a carry forward loss of Rs. 12,000/- & invested Rs. 80,000/- into shares of another P. Ltd. (80 shares of Rs. 1000/- each)
The company in which 80,000 was invested, is also loss making.
Bal. 8000/ is in bank

My question is:

How should I proceed to winding up on the company.
What should I do with the 80,000 investment ?
What should I do with the 8,000 bank balance ?

If I sold those 80 shares at a discounted price of 900/-, I would have:
    Carriy Forward loss      12,000
    Loss on sale of share    72,000
    Winding up process exp.  13,000 total comes to  97,000/-
    Cash in hand remain                              3,000/-
How to dispose off cash balance?

 

Pls advice.

 

Thx

Sanjay

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