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 864 - Tri - Companies LawRestoration of the Company's name in the Register of Companies maintained by Registrar of Companies - Section 252 of the Companies Act, 2013 - HELD THAT:- The Appellant has filed documents and records in support of its stand that the company was in operation and pursuing activities during the period of striking off the name of the company and has brought forward the following facts about it being in operation and functional during the period of striking off: i) The copies of Balance Sheet of the company for the financial years from 31.03.2017 to 31.03.2020. The Balance Sheet as on 31.03.2020 reflects Inventories of ₹ 9,83,7,666.00/-, Cash and Cash Equivalent of ₹ 2,76,092.16/- P & L account shows loss of ₹ 11,500.00/- ii) The copy of Bank Statements of the Company for the period 01.04.2019 to 27.11.2020 showing various transaction details of the Company and reflecting closing balance of ₹ 1,94,496.66/- as on 27.11.2020. iii) The Copy of Income Tax Return for Assessment Year 2019-20. The tax paid for Assessment Year 2019-20 is ₹ 1,000/- iv) The copy of sale deed executed on 14.06.2008 between M/s Salasar Balaji Builder and Colonisers Private Limited as seller and the Company as purchaser of property namely Shop No. G-59, G-60, F-48D, F-49D which is situated at Commercial Block Plot No. 3, Sector No. 5, near Soni Hospital, Vidyadhar Nagar, Sikar Road, Jaipur at a sale consideration of ₹ 46,43,934/-. The RoC has filed report and has not stated any objections but has directed that the Company should file the returns as required under the provisions of the Companies Act, 2013 - this Bench is of the view that it is a fit case for restoration of the name of the company. The restoration of the Appellant Company's name, i.e. Shri Balaji Superme Propcon Private Limited, in the Register of Companies maintained by the RoC, is hereby ordered - Appeal allowed - application restored.
|