Is it compulsory to make balance sheet NIL while submitting the application for easy exit scheme?
Regards,
CS Pooja
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Easy Exit Scheme Scheme, 2011
Replies (1)
there is no such requiment in the scheme.
but as per companies act provisions there should be no current asset, fixed asset or current liability or any loan or deposit.
it means there should be no assets other than debit balance of p&l a/c or misc exp. equal to the share capital.
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