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of <h1>Registrar's Power to Remove Company Names Under Section 248 of Companies Act, 2013: Key Conditions and Process Explained</h1> Section 248 of the Companies Act, 2013, outlines the Registrar's authority to remove a company's name from the register if certain conditions are met. These include failure to commence business within a year, inactivity for two consecutive financial years without applying for dormant status, non-payment of subscription by memorandum subscribers, or lack of business operations verified physically. The Registrar must notify the company and directors, allowing 30 days for representations. Companies can also apply for removal after settling liabilities. The Registrar must ensure liabilities are addressed before striking off the name, and directors' liabilities persist post-dissolution. The Tribunal retains the power to wind up such companies.
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