Clause 248 - Power of Registrar to remove name of company from register of companies.

Removal of company name: Registrar may strike off and dissolve a company after prescribed notice unless representations prevail.

Where the Registrar reasonably believes a company meets specified inactivity or non commencement grounds, he shall notify the company and its directors to seek representations within thirty days; a solvent company may alternatively apply for removal by special resolution or requisite member consent with any required regulatory approval and public notice will be issued. After the notice period the Registrar may strike the name off the register and publish dissolution provided he is satisfied that arrangements exist for realisation of assets and discharge of liabilities, assets remain available for creditors, liabilities of officers and members continue, and the Tribunal may still wind up the struck off company.