i and one of my friend formed a company in 2008 when we were in the college. reason was to start a online b2c website. But to book the name of the company,Formed a company
My partner( Other director) got place in dubai and he left. I tried my best to run it but couldnot, I also started working with my father's small time business in village.We did nothing in regards with balance sheet/annual return filling AGM.
Now our names are their in defaulter list 2008-2009
Suggestion Required: Can i start a new company being a defaulter. Can i clear all the dues and make it active entity again When is new company law settlement scheme expected.