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2021 (1) TMI 4 - Tri - Companies LawRestoration 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 incorporation which prompted ROC, Gwalior, Madhya Pradesh to strike off the name of such company from its Register of Companies. No plausible explanation has been given for such failure. However, from the records produced before us it is noted that company is maintaining a Bank Account wherein reasonable regular transactions are happening. The company has also filed return of income for assessment year 2019-20. It has also been pleaded that the company is not a shell company. It has also been pleaded that they wish to carry on the business after restoration of name. It is considered just and proper to restore the name of the company in the Register of Companies, from date of its striking off subject to payment of cost for non-compliance of rules relating to filing the Statutory Returns and Audited Financial Statements - Registrar of Companies, Gwalior, Madhya Pradesh the respondent herein, is ordered to restore the original status of the Applicant 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 'Struck off to Active - application allowed.
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