In the balance sheet there are expenses liabilities payable to relatives of directors and outstanding for more than 3 years
Now whether such amounts to be highlighted anywhere in DPT 3!!
Hi,
If a company wants to file for strike-off and there is loan outstanding to director cum shareholder, Please let me know which option is good:-
1. Filing a waiver letter from Director cum shareholder for outstanding loan amount
2. Converting Loan to equity
3. Doing Right Issue & then paying of loan.
It's Mumbai ROC, I don't know whether first option is acceptable or not.