Cumulative loss
Querist :
Anonymous
(Querist) 07 January 2012
This query is : Resolved
Hi,
If cumulative loss is more then capital,
What are all the consequence,
kindly refer with act
Deepak Nair
(Expert) 07 January 2012
Academic query.
Dear anonymous, such queries are ignored by experts.
Please post a query if there is any real issue where legal advise is requried.
Querist :
Anonymous
(Querist) 07 January 2012
Dear Deepak, shailesh and nair,
If a company cumulative loss Carryforward is more then Capital invested, whether the company has to inform to MCA, IT regarding the same
whether company need to liquidate the asset ?
What is the consequense the company as to face against MCA, IT
Itn't not for acadamic purpose
Raj Kumar Makkad
(Expert) 07 January 2012
In the given circumstances, company is required to apply for its liquidation. I do agree that this is not an academic query but you are required to put actual facts of the company concerned so that accurate replies may come out.
soumitra basu
(Expert) 08 January 2012
The company may be treated as a sick company as provided in sick industrial companies act. If desire by shareholders or the creditors the Hon'ble High Court may declare to wound up the company.
Deepak Nair
(Expert) 09 January 2012
Rightly advised by the experts
V R SHROFF
(Expert) 09 January 2012
yes,Rightly advised by the experts
prabhakar singh
(Expert) 10 January 2012
And why not inject fresh capital??Mr.Shah??
Sailesh Kumar Shah
(Expert) 10 January 2012
without go through to all information, option of inject fresh capital could not be given.
Advocate. Arunagiri
(Expert) 10 January 2012
If the accumulated loss is more than the share capital, the company can not survive. It is "clinically" dead.
