Company strike-off eligibility requires regulatory no-objection or ministry approval to avail simplified exit scheme for defunct companies. Defunct companies registered under the Companies Act, 1956 may apply for strike-off under the Simplified Exit Scheme, excluding section 25 companies, if they either never carried out business or have ceased business activity. Regulated entities must meet additional conditions: unregistered entities must show no operations since incorporation, and registered entities must enclose a regulatory no-objection with the application. Government companies with no assets or liabilities may apply if they meet other requirements and submit the administrative ministry's approval letter.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Company strike-off eligibility requires regulatory no-objection or ministry approval to avail simplified exit scheme for defunct companies.
Defunct companies registered under the Companies Act, 1956 may apply for strike-off under the Simplified Exit Scheme, excluding section 25 companies, if they either never carried out business or have ceased business activity. Regulated entities must meet additional conditions: unregistered entities must show no operations since incorporation, and registered entities must enclose a regulatory no-objection with the application. Government companies with no assets or liabilities may apply if they meet other requirements and submit the administrative ministry's approval letter.
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