Private Limited Company Strike Off (No Business in FY 2023-24)

MCA 95 views 1 replies

Hello Everyone,

 

Our company is established in 2018 and but there were no oprerations from 2023-24 till now, So can we close the company in the current financial year.

 

But as per act  it is saying that there is a condition of no opearations for last 2 years.

 

Also tell me that there is some admin expenses in the some other company so we would like strike off that one too,but incurred only app development expenses and no revenues from 2018, is that possible to close despite condition as per companies act 2013.

Replies (1)

You can mention this reason for strike off. As per section 248 of companies act 2013, Business Viability Issues -Due to adverse market conditions and financial non-viability, the company has ceased operations and is applying for strike off. I think its a better point to close down a company.


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