TMI Blog2020 (9) TMI 849X X X X Extracts X X X X X X X X Extracts X X X X ..... to provide an opportunity to the company to rectify its defaults and continue the business, so that the interests of its customers are not adversely affected. The prayer sought by the Petitioner company deserves to be allowed - Petition seeking restoration of the Company s name in the register of companies maintained by the Registrar of Companies, Maharashtra, Mumbai is allowed. - CP No. 1005/252/MB-IV/2020 - - - Dated:- 21-9-2020 - Mr. Rajasekhar V.K. : Member (Judicial) And Mr. Rajesh Sharma : Member (Technical) For the Petitioner : Mr Kamal Lahoty, Practicing Company Secretary For the Respondent : None present ORDER Per : Rajasekhar V. K., Member (Judicial) 1. This Company Petition is filed by Blue Can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egistrar of Companies, Mumbai struck off the name of the Petitioner Company by issuing notice in Form STK-1 and STK-5 dated 07.09.2019 from the Register of Companies maintained by them by issuing notices for removal of the name of the Company from the Register of Companies under section 248 of the Companies Act, 2013 and rule 3 of the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 due to defaults in statutory compliances, viz., failure to file Financial Statements and Annual Returns since 2016-17 and for not carrying on any business or operation for a period of immediately preceding two years and neither made any application within such period for obtaining the status of Dormant Company under section 45 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... observed as follows: (amount in whole rupees) Particulars 2015-16 2 016-17 2017-18 Inventories 1,96,31,469 3,55,77,233 4,25,02,588 Other current assets 2,38,00,000 2,85,74,307 2,82,45,000 Cash and cash equivalents 1,35,87,213 7,56,339 10,29,791 Advances from customers (liability) 1,00,00,000 1,21,00,000 1,36,90,000 11. On hearing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... izen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) within thirty days from the date of receipt of copy of this order; b. Upon such restoration, the Petitioner Company shall file all its pending Financial Statements and Annual Returns with all the applicable fees and proof of deposit of cost of ₹ 40,000/- (Rupees forty thousand only) in the PM-CARES Fund with the Respondent within thirty days from within thirty days from the date of receipt of copy of this order, failing which, this order will stand vacated automatically. 14. Upon restoration of the name of the Petitioner Company to the Register of Companies after complying with the terms mentioned above, the Registrar of Companies, Maharashtra, Mumbai, shall ..... X X X X Extracts X X X X X X X X Extracts X X X X
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