This is a pvt ltd company formed in 2021 with paid up capital 10L. It has taken director loan 15L till now. The director loan was taken in FY 22-23 and 23-24. There is no other loan from outsiders. The directors wants to wind up the company due to its poor sales. These are some queries I have in this regard.
1) What process should be followed in winding up the company?
2) Is it required to file DPT-3 for director loan taken or can be ignored since company is winding up?
3) What company needs to do about outstanding director loan before winding up? (Company does not have money to pay back 15L director loan)
CAclubindia
