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Winding up of pvt company

This query is : Resolved 
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(Querist)
18 June 2013 A PVT COMPANY NOT COMMENCED HIS BUSINESS AND NOT OPEN THE BANK A/C UPTO TILL DATE, INCORPORATION CERTIFICATE RECD ON 28/03/2012.

MY QUERY IS ANY PENALTY OR PROVISION IS ATTRACTED ?

whether any winding up procedure is applicable by the court ?
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Rupesh Jain

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Rupesh Jain (Expert)
18 June 2013 no penalty
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CA Kapil Verma

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CA Kapil Verma (Expert)
18 June 2013 Yes , you can voluntary winding up the company.

contact a professional CA for the guidance.
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