a public limited company default in holding BOD meeting and annual General meeing as there is no activity in the company since few years now what is the status of that company whether one can revive the same if revive than how
First of all make this clear in your mind that until
the company is not wind up, the company is alive in
the eyes of law, so ur company can very well be
revived.After paying the penalty for late filing of
documents the things will be fine. One thing dont show
in the balance sheet that no business has been done,
show that a very negligible part of business have been
done.
In my view the directors of the company must first of
all apply for their Directors Identification Number
(DIN).
Then the company should file all the forms, returs,
balance sheet (even if it is of NIL amount) Profit &
Loss account and Annual return minutes of AGm etc (all
statutory record) with ROC in current date along with
filing fees + penalty
Then the company should issue share certificates(if it
has not been done)
After all these formalities the company will be
revived.
CAclubindia
