Dormant company

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86 Points Posted on 13 February 2020
Company not doing any business in the current year and till now the annual returns are not filed for the year 2018-19.
Company can opt the Dormant company status..?
What are the procedure to opt dormant company .??
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On 13 February 2020 at 12:24 Report
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This discussion explores the possibility of applying for dormant company status for a business that has ceased trading and has not filed annual returns for the current financial year. It addresses the procedure for opting for dormant status, particularly when previous year's filings are complete but the current year's are outstanding. The conversation also touches upon the implications for directors and how to zero out a balance sheet for company strike-off, especially when liabilities like director loans exceed assets and bank balances.

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86 Points Posted on 13 February 2020
F Y 2018 -19 annual returns and accounts are not filed.. can we proceed further to opt dormant status. ??
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On 13 February 2020 at 13:19
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86 Points Posted on 13 February 2020
No.. last year its filed. for this year there is no any transaction so accounts are not yet filed
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On 13 February 2020 at 14:14
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86 Points Posted on 13 February 2020
Directors will disqualified
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On 13 February 2020 at 14:28
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86 Points Posted on 13 February 2020
Sir one more question..
Company has loan from directors and there is no amount to pay.? how we can make balance sheet zero if we go for strike off.??
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On 13 February 2020 at 15:00
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86 Points Posted on 13 February 2020
Real life question.. we are planned to strike off the company but how to make the balance sheet zero is the question..
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On 13 February 2020 at 15:34
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86 Points Posted on 13 February 2020
No... company in loss.. there is no transaction. company has Asset wdv value 100,000/- and bank balance 200,000/-. but loan from directors is the only liability amount if Rs. 800,000/-.. How we can make balance sheet as Nil..?
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On 13 February 2020 at 16:24

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