Public Co. wants to apply 4 defunct ? (Mentor at SHAYVIDZ Academy)   (3756 Points)

23 February 2010  

Dear All,


A Public limited company was incorporated in the year 1998, with authorised capital of Rs. 2 Lacs & have not increased its capital to Rs. 5 Lacs..


The Company have also not filed annual accounts & annual returns from last 4 yrs..


What will be the legal position of the company & the directors of that company ?


How much penalty etc will charged on company & officers in default ?


What will b ethe procedure of application for being a defunct company?