9911796707
TMI Blog2021 (12) TMI 46X X X X Extracts X X X X X X X X Extracts X X X X ..... s, in brief, are that Company was incorporated on 12.08.2013 with CIN: U45209TG2013PTC089606, as a Private Limited Company to do, inter alia, all kinds of contract works as labour contracts, manpower supply, construction and civil works contracts, industrial machinery erection and installations. 3. The Company had not filed any of the Annual Return and Financial Statements/Balance Sheets from 2013 to 2020, which resulted into belief on the part of Registrar of Company (ROC) that the company was neither carrying on business nor in operation. Accordingly, Registrar of Companies, Hyderabad after complying with statutory formalities as specified under Section 248(1) struck off the name of the company on 21.07.2017. 4. It is submitted by the a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct, 2013. 10. We have considered the submissions made by learned counsel and perused the material available on record. It is noted that company has failed to file returns since its incorporation, 2010 which prompted RoC, Hyderabad, to strike off the name of such company from its Register of Companies. 11. On perusal of the balance sheet for the year ended on 31.03.2020, it is noted that the company has share capital of Rs. 100,000/-; cash and cash equivalents is Rs. 59,355/-. In view of the above facts, we consider it just and proper to restore the name of the company in the Register of Companies, from date of its striking off subject to payment of cost for noncompliance of rules relating to filing the Statutory Returns and Audited Financ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . On such delivery and after duly complying with above directions, the Registrar of Companies, Hyderabad, Telangana, is directed to, on his office name and seal, publish the order in the official Gazette;
18. This order is confined to the violations, which ultimately leads to the impugned action of striking off the name of the Company, and it will not come in the way of ROC to take appropriate action(s) in accordance with law, for any other violations/offences, if any, committed by the Applicant Company prior or during the striking off of the company.
19. The Company Appeal is disposed of accordingly.
20. Urgent certified copy of this order, if applied for, be issued upon compliance with all requisite formalities. X X X X Extracts X X X X X X X X Extracts X X X X
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