05 November 2012
If a pvt ltd company is voluntarily winding up by members.. Den can its asset be taken over by the shareholders or not ??? The asset is loans and advances given by the company to others... Pl give ur suggestion ???
In this matter, if the shareholders desires so and there is no objection from the parties to whom loans and advances given, then Competent High Court may at liberty order transfer and vesting of Rights of lender.
However, it is subject to the desire of reasonable number of shareholders and is in the interest of shareholders.
15 November 2012
But will there be any changes if my company has been dissolved under the scheme of government and it has only "Loans and advances" as its assets and liabilities side is of same amount as share capital.
CAclubindia
