Company closure charges and process

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Pardeep Gupta (Querist)
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13 January 2016 Dear Experts

We have registered a private limited company in 2012 with 1K share capital and nothing is done after incorporation like applying of pan, bank account and it is incorporated only. Now the directors want to do the business and there is two option they can continue the existing company or incorporate the new one. can you please help me with the best option out of two in terms of compliances and fees payable as no filling is done till date.

Thanks in advance.

CS Divesh Goyal

CS Divesh Goyal (Expert)
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19 January 2016 Mr. Pradeep,

If your continue with the Company then it will be costly affair. you have to file all the earlier penidng forms with 12 times late fees. if Company is not doing any business then i will suggest you go for colsure of Company. If you want to close Company write me i will provide you process.