Uploaded on Mar 24, 2023
Registrar of Companies (ROC) is empowered to strike off a dysfunctional company under Section 248 of the Companies Act, 2013 and NCLT for revival of struck up companies. By the virtue of its power, Ministry of Corporate Affairs had struck off approximately 2 lakh defaulting Companies for non filing of its statutory documents for last 3 years or more in late 2017.
Revival of struck off companies
Revival of
struck off
companies
Introduction
• Registrar of Companies (ROC) is empowered to strike off a dysfunctional company
under Section 248 of the Companies Act, 2013 and NCLT for revival of struck up
companies.
• By the virtue of its power, Ministry of Corporate Affairs had struck off approximately
2 lakh defaulting Companies for non filing of its statutory documents for last 3
years or more in late 2017.
• In order to give opportunity to companies to revive of their business, a dissolved
company can be restored in the Register of Companies (ROC) under Section 252 of
the Companies Act, 2013 by an order of the National Company Law Tribunal (NCLT).
Who has authority to strike off
name of company from the
register of companies?
• The Registrar of Companies is empowered to strike off the dysfunctional companies
or companies who have not filed their statutory documents from last 3 years or
more.
• ROC needs to send notice to companies as mandated by law before initiating strike
up procedure.
ROC can strike off which companies?
• Companies who have failed to commence their business within one year of its
incorporation;
• Companies who have failed to carry on business for last two preceding financial
years;
• Company who have extinguish of all liabilities;
• Company who have failed to file statutory documents with ROC for last 3 years or
more.
Who can file an application for
revival of company?
The company, its member or employees or Such application for revival of company
a creditor can make an application under need to file within 20 years from the date
section 252 (3) read with rule 87A of NCLT publication of the notice of the striking-off
(amendment) rules, 2017 for revival of in official gazette.
strike up company.
What is the time period under which A
strike off appeal can be filed?
If a Company, any member, Any person aggrieved by the order
employee or creditor is aggrieved
of the Registrar (ROC) to strike-off
by the strike off then they can file
the name of a Company, can file an
an appeal within a period of 20
appeal before NCLT to revive the
years from the date of publication
company within a period of 3
of striking off notice in the official years from the date of publication
Gazette by ROC before NCLT to
of notice of strike up by ROC.
restore company’s name.
How much time it take to
revive name of
company?
• It generally takes 6-8 months to revive
the name of company that depends on
bench and hearings thereon.
What are the services lawyerinc offers for
revival of struck off company?
• Our comprehensive range of end-to-end solutions includes following:
• End to end services for Revival of Struck off Company.
• We have expertise in getting Revival of Struck off Company.
• We will get in touch with you through renounced lawyers in this field.
• Our Experts shall guide you through the procedure and supply you with a detailed
checklist of the required documents.
• We shall verify the documents you provide.
• We will draft and file a Application for Revival of Struck off Company.
• We will inform you about day to day hearing in tribunal.
What are various steps for filing
application for revival of struck
off company?
• Step-1: Application before Tribunal: Filing an application before NCLT under Section
252(3) of the Companies Act, 2013 in Form No. NCLT-9.
• Various documents need to be accompanied with appeal:
• The appeal need to be accompanied with a supporting affidavit verifying application for
revival of company in Form No. NCLT 6.
• Copy of notice or publication issued by ROC
• Copy of board resolution
• List of Directors of the Company;
• Copy of Memorandum of Association and Articles of Associations of the Company
• Latest Audited balance sheet of the company
• Copy of bank statement showing that company is still in operation
Step-3: Passing of order: Bench (Tribunal)
will hear Applicant about the reason of non
Step-2: Service of Appeal / Application: The filing of statutory documents or non-
Applicant need to file 3 copies of application functioning of company. Bench will ask ROC
before NCLT. The Applicant will serve copy of and Income tax authority to file their report.
application to ROC and Income Tax authority If bench is satisfied with the facts of the case
through speed post or registered post or via that company is able to run its business and
Dasti not less than 14 days before the date if ROC has not objection to revive the
fixed for hearing of the application. company then bench can order for revival of
the company. Bench can impose certain
penalty also.
• Step-4: Submission of certified copy of order with ROC:
• The Applicant is required to deliver a certified copy to the said order with Registrar
of Companies within thirty days from the date of the said order in INC 28;
• Applicant is required to pay said penalty amount or cost imposed by Tribunal;
• Applicant Company is required to file all pending statutory documents such as
financial statements and annual returns with ROC as time prescribed by tribunal in
the said order.
Step-5: Publication in official Gazette: On receiving of such order, ROC in its official
name and under its seal shall publish the order of revival of such company in Official
Gazette. This publication will have same effect as if company had not been struck off
before.
Step -6: Filing of statutory documents with ROC: Applicant Company is required to
file all pending statutory documents such as financial statements and annual returns
with ROC as time prescribed by tribunal in the said order.
Contetra Can Help
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for hassle-free compliance with the new mandatory
disclosure requirement of schedule III.
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tool-
Step 1- Step 2-
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where GST number is not available, room for manual errors)
our tool can also do a PAN or CIN
based search.
Website :
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hat/
Email Id :
[email protected]
Phone No : 98338 18857
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