Fte under companies act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2015
I want to know that as per annexure C of FTE how shall I treat the cash balance available for inoperative company since incorporation...
should i show capital at liability side and cash balance available at asset side??
should i show capital at liability side and cash balance available at asset side??
05 March 2015
first conditions of FTE is nil asset and loabilities.
further distribute cash or bank balance to share holders in their respective holding ratio
further distribute cash or bank balance to share holders in their respective holding ratio
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2015
then what shall be on liability side only share capital??
I have share capital of 1 lac Rs. and have not under taken business since incorporation. where as subscribed capital is appearing in cash balance there is no liability and asset other than this.
how can I treat it in statement of accounts?
I have share capital of 1 lac Rs. and have not under taken business since incorporation. where as subscribed capital is appearing in cash balance there is no liability and asset other than this.
how can I treat it in statement of accounts?
09 March 2015
REPAY THE FUND COMPANY HAS. treated same amount as SURPLUS DISTRIBUTED AMONG SHARE HOLDERS AT TIME OF WINDING UP. shows liability side capital of rs 1.00 lacs & loss on asset side of rs 1.00 lac and go for FTE
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