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striking off company compliance

Others 191 views 1 replies
wen company strike off its name bcz it has nt being operating since 4 years
so nw it has to show its balance sheet at NIL rate
it has capital ,long term borrowing, reserve, short term provision - Liability
tangible asset , other current asset- asset side

how it cn show it b/ s at nil rate
does it require to br acquired by other company so tat in future few years its profit erodes

or some other methods is available
Replies (1)
Originally posted by : diksha shetty
wen company strike off its name bcz it has nt being operating since 4 years so nw it has to show its balance sheet at NIL rateit has capital ,long term borrowing, reserve, short term provision - Liabilitytangible asset , other current asset- asset sidehow it cn show it b/ s at nil ratedoes it require to br acquired by other company so tat in future few years its profit erodesor some other methods is available

you need to show the balance-sheet as it is, and submit an appeal to NCLT asap for revival of the company.  Only after revival you can consider how to bring acquisition etc into picture.


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