I have to close a private limited company under FTE scheme. Company has only share capital and bank balance in balance sheet. FTE scheme has a condition of NIL assets and liabilities, so my question is regarding liquidation of assets. Can i transfer bank balance to shareholders to make my balance sheet NIL? if not then please tell me the procedure to liquidate it.
Menu
Closure of company
Replies (1)
I think you can transfer but i am not sure
Recent Topics :
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
Related Topics :
CAclubindia
