TMI BlogPower of Registrar to remove name of company from register of companiesX X X X Extracts X X X X X X X X Extracts X X X X ..... r has reasonable cause to believe that- (a) a company has failed to commence its business within one year of its incorporation 1 [or]; (b) 2 [***] (c) a company is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irty days from the date of the notice. (2) Without prejudice to the provisions of sub-section (1), a company may, after extinguishing all its liabilities, by a special resolution or consent of seventy-five per cent members in terms of paid-up share capital, file an application in the prescribed manner to the Registrar for removing the name of the company from the register of companies on all or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , strike off its name from the register of companies, and shall publish notice thereof in the Official Gazette, and on the publication in the Official Gazette of this notice, the company shall stand dissolved. (6) The Registrar, before passing an order under sub-section (5), shall satisfy himself that sufficient provision has been made for the realisation of all amount due to the company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company had not been dissolved. (8) Nothing in this section shall affect the power of the Tribunal to wind up a company the name of which has been struck off from the register of companies. --------------------- Notes:- 1. Inserted vide THE COMPANIES (AMENDMENT) Act, 2015 - dated 25th May 2015 2. Omitted vide THE COMPANIES (AMENDMENT) Act, 2015 - dated 25th May 2015 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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