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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Directors Must Resolve to Strike Company Name Under Section 560, Submit Financials & Affidavits, Beware False Claims Liability</h1> The application form under Section 560 of the Companies Act, 1956, is for striking a company's name off the register. The directors must resolve to apply, providing audited financial statements or a statement of accounts, affidavits, indemnity bonds, and a demand draft payable to the Registrar of Companies. If applicable, a No Objection Certificate from RBI/SEBI is required for NBFCs or CIMCs. The application must include a board resolution authorizing the filing. Applicants are liable under Section 628 for false statements. Specific clauses apply to CIMCs/NBFCs regarding registration and business activity status.
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