New company registration before dissolving old company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 February 2014
Can anybody advise is it possible to register a new PVT. LTD before striking off the dormant company?
I am member of a dormant company and I would like to start a new business with a new company(Pvt Ltd). Is it wise to strike of the dormant company before registering a company. The dormant company doesn't have any liabilities and it was dormant since the date of incorporation. May be someone would suggest to use the old company but I don't want to use the old company since it was dormant for very long and moreover the new company will have new members.
Please suggest me which is the best and wisest decision.
I am member of a dormant company and I would like to start a new business with a new company(Pvt Ltd). Is it wise to strike of the dormant company before registering a company. The dormant company doesn't have any liabilities and it was dormant since the date of incorporation. May be someone would suggest to use the old company but I don't want to use the old company since it was dormant for very long and moreover the new company will have new members.
Please suggest me which is the best and wisest decision.
mehulmukati
(Expert)
13 February 2014
Close the dormant company using the Fast Track Exit option provided by MCA / RoC.
You need not wait for the process of closing the old company to be completed. You can start the new business in a new company at time you are ready.
Both are not linked.
You need not wait for the process of closing the old company to be completed. You can start the new business in a new company at time you are ready.
Both are not linked.
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