Fte-nil asset & liability ?

Mr. Desai,

You can show the share capital 1 Lac and Profit and Loss account (debit balance) 1 Lac in Annexure C which is attachment to Form FTE.

Agree with Charu

Thanks for your reply

Kindly suggest for foll.query for private company  :-

1) is it necessary to bring down the capital to Rs.1 lac?????

2) if yes , reduction of capital or buy back of securities wch is the best option ??