companies act
V.C SaiRam (Student CA Final ) (91 Points)
12 March 2019
What is the meaning of defunct company and what are the consequences if a company becomes defunct
4 Replies
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 12 March 2019
ie due to non filing of Roc returns
as good as the legal entity of the organisation is debarred from existence including bank account not operational
But ROC has given chances to activate by following approximately 15 types of documents to support whether the company is still in existence viz sales , bank transaction , return filing etc
based on which Roc may activate remotely you have to follow the procedure
Umesh V Naig
(Statutory Analyst)
(452 Points)
Replied 27 March 2019
Not functioning as per companies act due to various factors like non filing of returns , non operational and hence defunct to operate as a legal person
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