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2020 (10) TMI 1318 - Tri - Companies LawStriking off the name of company from Register of Companies - non-filing of annual returns and Balance Sheet - section 248 (5) of the Companies Act 2013 - HELD THAT:- It is submitted that an amount of 5 crores has been paid to respondent no. 6 and the land which is in possession of the company is to be developed and the flats are to be delivered to the home buyers. In the circumstances, we are inclined to allow the application. The RoC concerned is directed to restore the name of the company in the Register of Companies subject to filling of all the pending annual returns and balance sheets. The company is directed to make the compliance with the provisions of the companies Act by filing the pending annual returns and balance sheets for the period w.e.f 2014 onwards with the RoC within 4 weeks from the date of this order and the RoC shall restore the name of the company to the Register of Companies - A fine of ₹ 20,000/- is imposed on the company, which shall be reimbursed to the Office of the RoC for incurring the expenses for the restoration of the name of the company to the Register of Companies. Appeal allowed.
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