A pvt. ltd. company registered with ROC in August, 2011 with Four Directors. The company did not starts business till date. Company is having No Bank Account, No liability. but having PAN Number and Service Tax number. But due to some issues all directors (company) wants to close the company and cancel the company registration, what is the process or how they will do this? Please advice me on earliest. And also suggest as being a MD of company what would be liability, penalty I could face. Kindly suggest on earliest.