Strike Off - Not commenced the business after Incorporation.

Save Share

This query is : Resolved

Quick Summary

A private limited company was incorporated in November 2019 but has not commenced operations. No statutory forms have been filed since incorporation, and the bank account has been closed due to inactivity. Due to unforeseen personal circumstances and subsequent financial difficulties, the directors are now looking to wind up the company. They are seeking advice on the best way to strike off the company and minimise compliance costs.

Adarsha

Adarsha (Querist)

23 December 2021 One of my close friend Incorporated a Pvt Ltd Co in Nov 2019 in which Share capital of Rs. 1,00,000/-. Bank account was opened but share capital has not been transferred and also bank account been closed due to inactivity from the date of account opening. After Incorporation no forms are filed(INC - 20, ADT-1). Even DIR3 KYC has not been filed for both the directors.

My friend suffered from Covid and another director met with accident and other difficulties, they were not commence the business as well. Now due to financial difficulties, they are planning to wind up the company.

Please help with best possible way to close the company. Is there any way to reduce the cost of the compliance.