Discuss in brief when a company is declared as a vanishing company.
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2022
Discuss in brief when a company is declared as a vanishing company.
Answer & Explanation:
A vanishing company is 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 the Stock Exchange which has failed to file its return 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.
Topics: Companies Act, 2013
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