Differentiate between 'Defunct Company' and 'Vanishing Company'.

Defunct company: A company which has failed to commence business operations within one year from the date of registration without any proper reason, which is beyond the control of the company or where a company has no assets or liabilities. Again, if a company is not filling its balance sheet for many years, then also it will be termed as a defunct company. Vanishing Company: A company, registered under the Companies Act, 2013 or previous company law or any other law for the time being in force and listed with Stock Exchange which has failed to file its returns with the Registrar of Companies and Stock Exchange for a consecutive period of two years, and is not maintaining its registered office at the address notified with the Registrar of Companies or Stock Exchange and none of its directors are traceable.