Dormant company

Company not doing any business in the current year and till now the annual returns are not filed for the year 2018-19.
Company can opt the Dormant company status..?
What are the procedure to opt dormant company .??
Replies (6)
Quick Summary
This discussion explores the possibility of applying for dormant company status for a business that has ceased trading and has not filed annual returns for the current financial year. It addresses the procedure for opting for dormant status, particularly when previous year's filings are complete but the current year's are outstanding. The conversation also touches upon the implications for directors and how to zero out a balance sheet for company strike-off, especially when liabilities like director loans exceed assets and bank balances.

F Y 2018 -19 annual returns and accounts are not filed.. can we proceed further to opt dormant status. ??
No.. last year its filed. for this year there is no any transaction so accounts are not yet filed
Directors will disqualified
Sir one more question..
Company has loan from directors and there is no amount to pay.? how we can make balance sheet zero if we go for strike off.??
Real life question.. we are planned to strike off the company but how to make the balance sheet zero is the question..
No... company in loss.. there is no transaction. company has Asset wdv value 100,000/- and bank balance 200,000/-. but loan from directors is the only liability amount if Rs. 800,000/-.. How we can make balance sheet as Nil..?

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