Urgent: LLP statement of accounts

MCA 5219 views 4 replies

nitin

student

23 Points Joined May 2011

Friends,

The business in question is a LLP and has not carried out any activity since its incorporation and wants to strike off its name. Bank accounts is been closed and all other formalities are dealt with properly.I filed a 'NIL Statement of Assets and Liabilities' with the MCA ( all line items carried Zero balance). Now, i was asked to resubmit this statement stating ' Statement of Account can not be Zero'.

Quoting the information for relavant section

"a statement of account disclosing nil assets and nil liabilities, certified by a Chartered Accountant in practice made up to a date not earlier than thirty days of the date of filing of Form 24"

Is it anyway implies that instead of 'Zero (0) ' I should mention 'NIL' ?

What should I do ? I need your help urgently. Please suggest.

Replies (4)

CA Mayur Todmal

Practicing CA

7756 Points Joined November 2011

Put capital balance ( total contribution) on liability side

and same amount on the asset side as dr balance of PL

Baljeet Singh

CA B.Com (H)

954 Points Joined March 2012

Originally posted by : CA MAYUR TODMAL
	Put capital balance ( total contribution) on liability side and same amount on the asset side as dr balance of PL

Wouldn't that imply that the LLP is incurring losses?

nitin

student

23 Points Joined May 2011

Thanks Mayur for your quick reply. I understood about mentioning the balance under liability side. I am not clear about under which head I should mention 'Dr. balance of PnL'? and if I mention PnL balance in Balance Sheet doesnt it wrongly imply that this business has carried out business?

Have attached the format of 'Statement of Accounts' with this.

Thanks