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2017 (1) TMI 60 - HC - Companies LawRestoration of company name - provisions of sub-section (1) & (2) of Section 560 of the Companies Act have not been complied with by the respondent authority before striking off the name of petitioner company from its register - Held that:- In view of submission of learned counsel for the parties and, in view of the admitted fact, that the provisions of sub-section (1) & (2) of Section 560 of the Companies Act have not been complied, it is just and proper to restore the name of the company in the register of the Registrar of Companies. It is hereby directed that the name of the petitioner company be restored in the register of the Registrar of the Companies and the notification published in respect of petitioner-company would stand set aside. Since the name of the petitioner company was notified in the gazette way back in the year 2010 and six years have elapsed since then, therefore, a cost of ₹ 75,000/- (Rupees Seventy Five Thousand only) is imposed on the petitioner, which shall be deposited in the account of the Registrar of Companies, Uttarakhand (respondent no.2) within a period of six weeks from today.
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