Can a company sell land after removal of its name from Register under section 248 of the companies act 2013 so as to transfer clear title to the buyer

[Sanjeev Agrawal]

Can a company sell land after removal of its name from Register under section 248 of the Companies Act 2013 so as to transfer clear title to the buyer.

AI Summary

Company struck off under Section 248 cannot sell land or transfer clear title without restoration first A company whose name has been removed from the Register under section 248 of the Companies Act, 2013, ceases to exist as a legal entity and therefore cannot sell land or transfer clear title to a buyer. Since the company is struck off, it loses the capacity to enter into contracts or dispose of property. Any transaction purportedly made by such a company after removal from the Register would be invalid, and the buyer would not obtain a clear title. To transfer property, the company must be restored to the Register through the appropriate legal process before executing the sale.