BOARD MEETING. Convene a Board Meeting as per Sec 286. With in 5 weeks immediately preceding the date of resolution for winding up. Make sure that the company can pay its debts in full within a period of 3 years if put into liquidation.
1.Latest Audited Balance Sheet and P & L Account before the date of Declaration.
2.A Statement of the company’s assets and Liabilities as at that date.
3.A copy of the report of Auditors of the company on the above 2 documents.
1.Imprisonment upto 6 months.
2.Fine of Rs. 50000/-, or