Company Secretary & Compliance Officer
17858 Points
Joined November 2008
Dear Santosh Ji,
Please read the definition of defunt company again. If that is the case then what is the purpose of specifing the date??
They may simply write "the company which is not in operation". But the purpose is that the company must be registered before 1st april 2008.
Secondly, the law would give time to the new companies to start its activity, there may be some delay or any other reason why the newly incorporated company could not start its activity.
Whatever may be the reason Winging up or exit is the last option and in any case if there is any hope it is not recommended.
“defunct company” means a company registered under the Companies Act, 1956 which is not carrying over any business activity or operation on or after the 1st April, 2008 and includes a company which has not raised its paid up capital as provided in sub sections (3) and (4) of section 3 of the Companies Act, 1956;