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Power of Registrar to remove name of company from register of companies

48. (1) Where the Registrar 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 of a dormant company under 3[sectio .....

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udice 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 any of the grounds specified in sub-section (1) and the R .....

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cial 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 and for the payment or discharge of its liabilities and obligations by the company within a reasonable time .....

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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 before it was read as, "(b) the subscribers to the memorandum have not paid the subscription which they had undertaken to pay within a period of one hundred and eighty days f .....

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