Liquidation of Pvt. Limited company

Seema (Chartered Accountant) (33 Points)

22 September 2007  

Ther is one private company and wants to liquidate.The company had in its name the lots of capital assets. It had two directors.

My question is the directors wants to transfer the capital assets of the company in the their names in a way that tax liability of the company or directors should be minimum

and how they will transfer?