Home Case Index All Cases Companies Law Companies Law + AT Companies Law - 2020 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (2) TMI 501 - AT - Companies LawStriking off of name of the appellant company from the Register of Companies - proceedings under Section 560 of the Companies Act 1956 - HELD THAT:- Undisputedly the appellant company has not filed the financial statements and returns since 2006 onwards. Therefore, ROC after serving the notice on appellant company has struck off the name of the company assuming that the company is not carrying on any business or operation - Except the failure to file the financial statements and returns, there is no complaint against the appellant company. Appellant has placed on record the annual returns for the year 2006 onwards till 2017. The appellant company is having asset and due to personal difficulties of the Directors they could not start business. In such circumstance, the order passed by National Company Law Tribunal is not sustainable in law - name of the appellant company be restored to the Register of Companies subject to the following compliances.
|