Hello
I have to file form FTE for striking of the name of the Company under FAST TRACK EXIT MODE.
Query for criteria
NIL --ASSETS AND LIABILITY ?
What treatment is to be given forSHARE CAPITAL , HOW TO SHOW THAT NIL IN BSHEET AND STATEMENT OF ACCOUNTS .
PLEASE SUGGEST
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 ??
CAclubindia
