https://www.taxtmi.com/caselaws?id=402410 A company's name may be restored to the register under section 252(3) of the Companies Act, 2013 where the record shows continuing business activity and the filing defaults are treated as an inadvertent lapse rather than a basis to deny relief. The Tribunal found that audited balance sheets and financial statements for several years supported ongoing operations, and that the failure to file annual returns and financial statements on time did not outweigh the statutory test of what is just and proper. Restoration was therefore ordered, subject to completion of pending statutory compliances and payment of the directed costs. en-us Wed, 02 Sep 2020 00:00:00 +0530 Fri, 01 Jan 2021 10:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402410 A company's name may be restored to the register under section 252(3) of the Companies Act, 2013 where the record shows continuing business activity and the filing defaults are treated as an inadvertent lapse rather than a basis to deny relief. The Tribunal found that audited balance sheets and financial statements for several years supported ongoing operations, and that the failure to file annual returns and financial statements on time did not outweigh the statutory test of what is just and proper. Restoration was therefore ordered, subject to completion of pending statutory compliances and payment of the directed costs. Case-Laws Companies Law Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402410