Easy Exit Scheme

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2011 Company having losses on one side and unsecured loans from Directors & equity capital on other side, can apply as defunct company under EES 2011. All other eligibility criteria are fulfilled.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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12 January 2011 Easy Exit scheme is available, where compnay is not involve in any transaction since long period.

Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2011 Thanks for the reply. Can this company show the losses on one side and capital & unsecured loans from Director/Promoters on other side. OR they should show as NIL balance sheet.

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