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2018 (4) TMI 1646 - Tri - Companies LawRestoration of name of the petitioner-company in the Register of Companies - section 252(3) of the Companies Act, 2013 - name of the petitioner-company from the register of companies is struck down on the ground that, the petitioner-company has not submitted the financial statements since from its incorporation till March 31, 2016. The Registrar of Companies has filed his report. In his report he has alleged that, the petitioner-company has not filed annual returns since from its incorporation till 2015-16 - The Registrar of Companies has also observed that, the company was not carrying on any business. Held that:- From the report of the Registrar of Companies, Karnataka, Bangalore it is clear that, the company was not carrying on business or any operations at the time when its name was struck off. There are no just grounds to order for restoration of the name of the petitioner-company. No materials from the side of the petitioner-company to establish that, it was an ongoing concern at the time when its name was struck off - Therefore, the name of the company cannot be restored and the Registrar of Companies, Karnataka, Bangalore had rightly removed the name of the company from the register of companies. Petition dismissed.
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