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Companies Law - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Seeking restoration of name of the company in the Register of ...


Company Seeks Name Restoration in ROC; NCLT May Condone Delays u/ss 10A & 252(3) with Penalty.

April 1, 2023

Case Laws     Companies Law     HC

Seeking restoration of name of the company in the Register of Companies (ROC) - A perusal of Section 10A as also Section 252(3) of the said Act would show that the delay ultimately is condonable upon the payment of monetary penalty in terms of Section 10A. Even the standards that have been stipulated for restoration of the company by the NCLT is if the NCLT feels it is just that the name ought to be restored or if the company was carrying on business and was in operation. - HC

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