Voluntary Winding Up of Private Limited. Company
The source of funds of the pvt. co. is Share Capital + Share Premium Reserves. (It is a family held company , Only 2 Directors and ONLY both of them are the shareholders)
The co. referred to here has NO CREDITORS or DEBTORS or ANY OTHER LIABILITIES WHATSOEVER .NO BUSINESS INCOME.
On the Asset Side it has 100000 Shares of a Listed company.
If the company opts for Voluntary Winding up :-
1. Will the shares of Listed company be divided into its share holders ???
2. We have to sell the shares in market and then distribute the money ???
Pls suggest
CAclubindia
