Himanshi Agarwal
Well-known member
Defunct Company -Meaning :
A defunct company refers to an organization that has zero assets and zero liabilities and fails to begin a business within a year of its incorporation.
Such companies are considered useless as they are not providing any benefit to society.
As per the Companies Act, 2013, a defunct company is a company that is not involved in any business activities. Such companies’ names get removed from the Register of Companies.
A defunct company refers to an organization that has zero assets and zero liabilities and fails to begin a business within a year of its incorporation.
Such companies are considered useless as they are not providing any benefit to society.
As per the Companies Act, 2013, a defunct company is a company that is not involved in any business activities. Such companies’ names get removed from the Register of Companies.