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2019 (8) TMI 881 - Tri - Companies LawRestoration of the name of the Company which has been struck off by the Registrar of Companies, West Bengal - Section 252(1) of the Companies Act, 2013 - HELD THAT:- It is noted that the Company is having regular operations and have got substantial revenue therefrom. Hence, it can be safely concluded that the Company is in operation. This fact is also corroborated by the various licences/Bank statements as well as the copies of Income Tax returns submitted by the Appellant. However, no plausible reasoning has been given for non-filing of returns which set Office of the Registrar of Companies into action for striking off the name of the Company, nor the Company gave reply to the notice issued by the Registrar of Companies - Hence, it is a fit case for imposing cost of ₹ 25,000/- for each year of default so that such recurrence can be avoided and a culture of compliance of statutory requirement in time, is brought in. The Registrar of Companies, the respondent herein, is ordered to restore the original status of the Appellant Company as if the name of the company has not been struck off from the Register of Companies with resultant and consequential actions like changing status of Company from 'strike off' to Active; activating DIN Nos. etc. - Appeal disposed off.
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