Whether company can be closed u/s 248 ?

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?

 


 

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