Meaning of nil asset/lia under fte

Company belongs to the shareholders and at the time of dissolution whatever amount is left is shared among equity shareholders in the ratio of their shareholding.  Hence all movable and immovable  assets should  be  disposed of  and the amount realised should  be used to  pay off all  secured and unsecured liabilitie other than net worth (i.e. what is payable to the  shareholders). Even Bank accounts should  be closed.  At the end liabilities side will show only net worth (share capital + reserves) and assets side will show Misc. Expenditure (if any) and cash balance.  One cannot make payment of share capital to shareholders since it requires approval of High Court u/s 100 of CA 1956. 

Thanks Mr. Agarwal, that makes sense...Although I am CA I am in industry/overseas for 20+ yrs so lost touch with some rules/basics. Your kind reply is much appreciated..

Regards