The company failed to file financial statements and annual ...

Defunct company with Rs. 3cr assets gets name restored after years of non-compliance due to director's illness.

Case Laws Companies Law

October 7, 2024

The company failed to file financial statements and annual returns for five financial years from 2014 to 2018. Despite having assets worth Rs. 3 crores as of 2008, the company could not recover the amount from another entity if its name was not restored. Considering the medical history of one director and lack of operations during 2014-2019, the NCLAT set aside the NCLT order and restored the company's name in the Register of Companies, subject to compliance fulfillment. No prejudice would be caused to anyone by restoring the company's name.

View Source

← Previous

The company failed to file financial statements and annual ...

Defunct company with Rs. 3cr assets gets name restored after years of non-compliance due to director's illness.

Case Laws Companies Law

October 7, 2024

You may also like:

Restoration of the name of the Company - the Company had complied with the statutory filings till Financial Year 2016-17 and the statutory filings for Financial Year...

Statutory provisions regarding restoration of a company's name on the Register of Companies maintained by the Registrar of Companies (ROC) u/s 252(1) and 252(3) of the...

Restoration of the name of the Company - The Appellant Company has failed to file its Financial Statements and Annual Returns for the Financial Years 2015-16 and 2016-17...

Seeking restoration of name of company in the Register of Companies - Company had not filed their `Balance Sheet(s)’ and Annual Return(s)’ for more than 12 years - the...

Restoration of name of the Company in the Register of Companies - Company is able to demonstrate that it is just to do so, can restore the name of the Company, in the...

Restoration of name of the Company in the Register of Companies - The Registrar of Companies, the respondent herein, is ordered to restore the original status of the...

Restoration of struck name of the company from its register - default in non-filing of the Financial Statements and Annual Returns - The NCLAT observed that the act of...

Restoration of the name of the company to the ROC - non compliance of ROC - Accidental or inadvertent omission can occur once or twice but when the non-compliance...

MCA - Easy Exit Scheme, 2011 from 1.1.2011 to 31.1.2011 - for defunct companies, for getting their names strike off from the Register of Companies (ROC)

Seeking restoration of name of the company on ROC - failure to file the Financial Statement and Annual Returns since incorporation - Section 252 of Companies Act, 2013 -...

Restoration of the name of the Company in the Register of Companies - The present petition is filed by the shareholder-cum-promoters of the Company and is within the...

Capital gains taxation streamlined with short-term gains on certain financial assets attracting 20% tax and long-term gains on all assets attracting 12.5% tax. Exemption...

Seeking restoration of the name of the Company in the Register maintained by the ROC - the Appellant Company is having substantial movable as well as immovable assets....

Restoration of the name of the Company - going concern - default in statutory compliance and failure to file return since 31.03.2013. - the Appellant Company is having...

Restoration of name of Company - Aggrieved person is Income Tax Department - The instant application would not lie under section 252(3) of the Companies Act, 2013;...

Quick Updates: