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of <h1>Section 251: Liability and Penalties for Fraudulent Company Name Removal Applications Under Companies Act 2013</h1> Section 251 of the Companies Act, 2013 addresses fraudulent applications for the removal of a company's name from the register. If a company applies for removal with the intent to evade liabilities, deceive creditors, or defraud others, the management responsible will be jointly and severally liable for any resulting loss or damage. They will also face penalties for fraud as outlined in section 447. Additionally, the Registrar may recommend prosecution of those responsible for such fraudulent applications.
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