Whether company can be closed u/s 248 ?

277 views 3 replies

Hello Eeveryone,

If the company is having share capital 1.8 crore , reserve and surplus 2.1 crore and cash in hand can it go for fast track exit. As co. did not do any transaction for more than last 2 years.
Also can Company distributes its Reserve among the shareholders of the Company in the meeting conducted for approval for FTE. If Yes, then How?

Thanks & Rehards,

Karan

Replies (3)
d co can wind-up if it had filed all d annual filings and d required filings. wid roc..
d co has to clear all its liability n den go for FTE.. n also atleast 75percent shareholders approval is required

Thanks Priyanka,

Can Company distributes its Reserve among the shareholders of the Company in the meeting conducted for approval for FTE and then go for FTE?

 


 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details