https://www.taxtmi.com/caselaws?id=417206 The Tribunal allowed the petition for restoration of the company's name under Section 252 of the Companies Act, 2013. The company demonstrated ongoing business activities before the strike off and provided evidence of its intentions to continue operations. The Tribunal changed the company's status from "strike off" to "Active," imposing a cost of Rs. 50,000 for revival. The company was required to fulfill pending statutory compliances within 30 days, with restrictions on asset alienation until compliance. Disqualified directors were not automatically reinstated. The order emphasized ongoing compliance obligations and the Registrar's authority to enforce statutory requirements. en-us Fri, 24 Dec 2021 00:00:00 +0530 Tue, 18 Jan 2022 08:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417206 The Tribunal allowed the petition for restoration of the company's name under Section 252 of the Companies Act, 2013. The company demonstrated ongoing business activities before the strike off and provided evidence of its intentions to continue operations. The Tribunal changed the company's status from "strike off" to "Active," imposing a cost of Rs. 50,000 for revival. The company was required to fulfill pending statutory compliances within 30 days, with restrictions on asset alienation until compliance. Disqualified directors were not automatically reinstated. The order emphasized ongoing compliance obligations and the Registrar's authority to enforce statutory requirements. Case-Laws Companies Law Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417206