TMI Blog2021 (1) TMI 996X X X X Extracts X X X X X X X X Extracts X X X X ..... with the Company and the Company is willing to file the same, if so permitted - The Company has not deposited heavy cash in its Bank Account during the period of demonetization as noticed from the annexed Affidavit along with the Application. We are satisfied with the reasons shown by the Applicant for restoration of the name of the Company in the register of companies maintained by the Respondent. It is deemed to be a fit case to order restoration of the Company by RoC (H) in the interest of the Company, its shareholders and the Creditors - Registrar of Companies, the respondent herein, is ordered to restore the original status of the Company as if the name of the company has not been struck off from the Register of Companies and take a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. It is averred, the Company has filed Income Tax Returns for the years 2011-12 and 2012-13 and further stated that they would comply with the same after restoration order is passed and the Company's status become active. The Company is regular in conducting its Board of Directors meeting as well as General Meetings as per the provisions of the Companies Act, 2013. 5. The Learned Counsel submits that unless the present Application is allowed and the name of the Company is restored on the Register of the Companies maintained by the RoC, the Applicant shall suffer irreparable loss and hardship. The Applicant submit that no prejudice will be caused to anyone if order for restoration is passed and reliefs sought for are granted. 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the Assessment years 2013-14 to 2019-20 are not enclosed with the petition. Company has not filed the Annual Returns from 2011-12 to 2018-19. FINDINGS 10. We heard the Learned Representative appearing for the Applicant and perused the documents on record. The Applicant is the Shareholder of the Company. The Order dated 29.12.2020 of the Respondent u/s 248(1) of the Companies Act, 2013, striking off the name of the Company from the register of companies is challenged in this Appeal. It is submitted by the Applicant that the Company is in the business of manufacture of steel and related activities. The failure of the Company in filing the statutory returns and statements was due to inadvertence and was not intentional. Report of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s like change of company's status from off' to Active (for e-filing), to restore and activate the DINs if applicable, to intimate the bankers about restoration of the name of the company so as to defreeze its accounts. 2. The Applicant/the company is directed to file all the statutory document(s) along with INC-28 and prescribed fees/ additional fee/fine as decided by RoC within 30 days from the date on which its name is restored and personally ensure compliance of this order. 3. The Company is permitted to deliver a certified copy of this order with RoC within thirty days of the receipt of this order. On such delivery and after duly complying with above directions, the Registrar of Companies, Hyderabad is directed to, on hi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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