I have a private limited company with 2 directors that i am going to wind up/close. This company has some fixed assets, cash in bank, and 2 cars.
i want to sell the cars to the directors for a cheap price and write-off the other fixed assets (depreciated).
is this even possible? if yes, whats the best way to do it?
Provisions of Section 188 of the CA 2013 needs to be follow.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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