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    Strike off related Query of Pvt ltd

    Posted By : damini / Published on : 26-Apr-2020 02:04 PM / View : 274 / Comment : 0

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    Dear professional Experts,

    We are in the process of strike off a private limited company which is incorporated at 8th May 2018 and not received any Subscription from Share holders and not commenced its business since from its incorporation.

    Query : what is the treatment in Statement of account format when share capital money not received from share holder and not commenced its business? can i alter the format below and mention as below

    Particulars Amount in Rupees
    I Source of Funds
    (1) Share capital 1,00,000
    ----
    ----
    Total 1,00,000
    II Application of Funds
    ---
    ---
    (3) Due from the Shareholders 1,00,000

    Total 1,00,000


    or Instead of showing Due from share holder without altering the format of Statement of account can i show as 5) Miscellaneous expenditure to the extent not written off or adjusted -1,00,000
    in Application of funds and tally the Statement of Account.

    Which is correct method of showing in statement of Account in the case of Share capital money not received form Share holders and not commence the business of the company?

    Please help to get out off from this confusion...
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