Whether company can be closed u/s 248 ?

Co Act 2013 169 views 3 replies
User Avatar

Apprentice
33 Points Joined January 2013

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

0 Reply Share Follow
On 02 May 2017 at 13:18 Report
Replies (3)
User Avatar

cwa
90 Points Joined March 2013
d co can wind-up if it had filed all d annual filings and d required filings. wid roc..
Reply
On 02 May 2017 at 23:32
User Avatar

cwa
90 Points Joined March 2013
d co has to clear all its liability n den go for FTE.. n also atleast 75percent shareholders approval is required
Reply
On 02 May 2017 at 23:43
User Avatar

Apprentice
33 Points Joined January 2013

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?

 


 

Reply
On 03 May 2017 at 10:13


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading