Fastrack exit mode

Arun Nagu (Chartered Accountant) (37 Points)

12 October 2013  

A pvt ltd company was incorporated in 2009 with the authorized & paid up capital of Rs.1lakh. No operation was carried out and no returns were filed till date. bank account is also not opened.   it is better to strike of the company in fast track exit mode or file returns each year ? can someone suggest and economical way out ??