27 June 2013
Company not in operation means the company shall not be doing any Business during last one year.
As per my view, Sale of Fixed Assets are not to included in operation and therefore company is non operating even if it is selling its Fixed Assets
Cash Balance is Considered as asset, unfortunately, they do not understand the fact that cash is the property of Shareholders which they can take proportionately and they unnecessarily raise problems in this. you may contact me for further details
The Company is not required to File its return of Income after name struck off, but is required to file the return of Income for period upto name stuck off date.
CAclubindia
