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Liquidation of a company

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 July 2012 What if a non listed public limited company will not be continuously operated for the whole year of first financial year of its registration, also not given any fillings taxes or deposited P/L and Balance sheet or any kind of other information of its first financial year, do not have any intention to deposit or tax filling in future.

In this case, what is the probability to shorting down of the company. Will it be automatically short down by the registrar or any other process is there for the same if they have decided not to operate or close this company in future. What If all the company members are not present together for closing down process.

Please suggest this matter elaborately.
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Jyotin Gagrani

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Jyotin Gagrani (Expert)
27 July 2012 You will have to dissolve the company with ROC, else it might attract penalties on the company and the directors. Request you to share your email id where I can send you the exact procedure for dissolution of the company. Thanks
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