Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2021 (1) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (1) TMI 719 - Tri - Companies LawSeeking restoration of the name of the struck off company in the Register of Companies maintained by the ROC - Section 252(3) of the Companies Act, 2013 - HELD THAT:- It is noted that company has failed to file returns Since 31.03.2012 which prompted ROC, Gwalior, Madhya Pradesh to strike off the name of such company from its Register of Companies. However, it has been claim that company was already in operation and carrying on business. In support of this claim, Financial Statements produced for the period mentioned, it is found that there exists negative surplus to the tune of ₹ 1.88 Lakhs, the long term borrowings also to the tune of ₹ 14 Lakhs exist apart from this, other current liabilities also exist. Such liabilities are represented by inventories, trade receivables, cash and Bank Balances and loans and advances. In the profit and loss account in the year turnover to the extent of ₹ 1.81 Crores and ₹ 1.01 Crores respectively has been shown. Thus, the name of the company needs to be restored in the Register of Companies maintained by ROC, Gwalior from the date of its striking off. However, for want of plausible explanation for non-compliance of filing of statutory returns, suitable costs need to be imposed - application allowed.
|