TMI Blog2021 (11) TMI 479X X X X Extracts X X X X X X X X Extracts X X X X ..... rdered, with a direction that the company shall comply with the provisions of the Act - name of company restored. - C. A. No. 208/252(1)/JPR/2020. - - - Dated:- 7-10-2021 - Ajay Kumar Vatsavayi Judicial Member And Raghu Nayyar Technical Member For the Registrar of Companies : Manish Sancheti, Practising Company Secretary, for the appellant. Pooja Singh For the Income Tax : Prateek Kedawat and R. B. Mathur, Senior Standing Counsel ORDER RAGHU NAYYAR (TECHNICAL MEMBER) .- 1. This appeal has been filed by Prembhagwan Builders and Developers P. Ltd. ( company / appellant ) under section 252(1) of the Companies Act, 2013 ( Act ) praying for restoration of the company's name in the Register of Companies maintai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d functional during the period of striking off : (i) The copies of financial statements of the company for the financial years March 31, 2015 to March 31, 2020. The balance-sheet as on March 31, 2020 reflects cash and cash equivalents of ₹ 7,58,081.43 and inventories of ₹ 18,32,848.90. (ii) The copy of bank statements of the company for the period June 25, 2019 to October 31, 2019 showing various transaction details of the company and reflecting closing balance of ₹ 21,319.43 as on October 31, 2019. (iii) The copy of Income-tax return for the assessment year 2020-21. The tax paid for the assessment year is nil. 6. The RoC has filed report and submitted that it has no objections but has directed that the company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is appeal is disposed of on the terms directed above. The RoC shall give effect to this order after ensuring compliance of tendering of cost. The company is directed to file all the required documents and shall fulfil all other relevant statutory compliances, in accordance with law within 30 days from restoration of its name in the Register of Companies maintained by the RoC. Consequent to the restoration of the name of the company, it shall be deemed to be operational in all respects, as if the name of the company had not been struck off under section 248 of the Companies Act, 2013, including functioning of all bank accounts and no separate direction is needed in this regard. If required, the RoC is directed to mark the DIN of the director ..... X X X X Extracts X X X X X X X X Extracts X X X X
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