I am a director of a Private Limited Company engaged in software services. The company operates out of its fully owned offices and the company has zero liabilities. The market value of the building & land is about 2 crores. However, business has died down and we want to close it down. Here are my questions.
-
What will happen to the asset (I,e the building ) once we do a ROC Strike off.
-
Is there an option for suspension of work or something similar notification to ROC so that in case we find a buyer of the building we can sell it off?
-
Once we close our operation, the building will still have some maintenance cost (Electricity, water ,ulilities etc) . The Directors can bear the costs but would like to liquidate the assets at the first opportunity. In such a case what effect will this have if ROC has already been informed of the closure?
CAclubindia
