https://www.taxtmi.com/caselaws?id=292775 The petition for restoration of a company's name in the Register of Companies under Section 252(3) of the Companies Act, 2013 was allowed by the Tribunal. Despite non-compliance with filing financial statements and annual returns, the company demonstrated ongoing business activities through possession of industrial land. Both the Registrar of Companies and the Income Tax Department supported restoration. The company was directed to fulfill specified requirements within timelines, with consequences for non-compliance outlined. The judgment emphasized legal provisions, factual circumstances, and regulatory compliance, ensuring due process and accountability in resolving the matter. en-us Fri, 02 Aug 2019 00:00:00 +0530 Fri, 08 Jan 2021 01:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292775 The petition for restoration of a company's name in the Register of Companies under Section 252(3) of the Companies Act, 2013 was allowed by the Tribunal. Despite non-compliance with filing financial statements and annual returns, the company demonstrated ongoing business activities through possession of industrial land. Both the Registrar of Companies and the Income Tax Department supported restoration. The company was directed to fulfill specified requirements within timelines, with consequences for non-compliance outlined. The judgment emphasized legal provisions, factual circumstances, and regulatory compliance, ensuring due process and accountability in resolving the matter. Case-Laws Companies Law Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292775