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    <title>2021 (6) TMI 53 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCH</title>
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    <description>The Tribunal ordered the restoration of the Company&#039;s name in the Register, subject to specific directions. The Company must file pending annual returns and balance sheets, deposit funds for statutory payments, refrain from asset disposal, and submit an affidavit of compliance within specified timelines. Disqualified Directors would not automatically regain directorship, and an Undertaking regarding demonetization compliance was mandated. The order did not limit the RoC&#039;s authority to take action against the Company and its Directors for late filings or non-compliance. The Application was allowed based on the outlined terms, ensuring regulatory compliance and accountability.</description>
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      <description>The Tribunal ordered the restoration of the Company&#039;s name in the Register, subject to specific directions. The Company must file pending annual returns and balance sheets, deposit funds for statutory payments, refrain from asset disposal, and submit an affidavit of compliance within specified timelines. Disqualified Directors would not automatically regain directorship, and an Undertaking regarding demonetization compliance was mandated. The order did not limit the RoC&#039;s authority to take action against the Company and its Directors for late filings or non-compliance. The Application was allowed based on the outlined terms, ensuring regulatory compliance and accountability.</description>
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