A company who has nil Assets and Liabilities and failed to commence business within one year of inco...........

Companies Act-Phase (I & II) Introduction to Company Act

A company who has nil Assets and Liabilities and failed to commence business within one year of incorporation is known as:

Private company

Public Company

Defunct Company

Deemed public limited Company

None of the above

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Explanation:

A Defunct Company means a company who has nil Assets and Liabilities and failed to commence business within one year of incorporation. It is not carrying on any business or operations. These companies are desirous of getting their names strike off from the ROC.