07 March 2015
The company is incorporated in 2013. It is inoperative since its incorporation. it has not filed any annual returns and balance sheet till date. whether the company can apply for FTE ?
Have a look at the eligibility condition given hereunder.
Company which has nil asset and liability and (i) has not commenced any business activity or operation since incorporation;or (ii) is not carrying over any business activity or operation for last one year before making application under FTE.
CAclubindia
