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2015 (2) TMI 757 - HC - Companies LawRevival of the Company - Petitioner Company has not filed its statutory documents since its incorporation - When the documents i.e., Annual Returns and Balance Sheet, etc., were sought to be filed on website of the Ministry of Corporate Affairs, the Directors came to know that name of the Petitioner Company has been struck of for the failure to file requite statutory documents. - Held that:- The Petitioner Company has filed its affidavit that the non-filing of the aforesaid Annual Return and the Balance Sheets was because the part time Accountant of the Petitioner Company, who was dealing with the aforesaid work, left the employment of the Petitioner Company. In view of the Affidavit filed by the Petitioner Company, the Registrar of Companies does not have any objection with the restoration of the name of the company subject to the filing of all statutory documents i.e., Annual Returns from the years 1999 to 2013 and Balance Sheets as on 2000, 2003 to 2013 and also the other documents with the requisite fee as well as additional fee as applicable on the date of actual filing of the documents. The petition is allowed subject to payment of costs of ₹ 75,000/-, the name of the Petitioner Company is restored on the Register of the Registrar of Companies subject to the Company filling all the statutory documents and returns for the outstanding period along with the prescribed fees in accordance with the law. - On receipt of the cost, the Registrar of Companies shall change the status of the company as “Active”. - Decided in favor of appellants.
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