https://www.taxtmi.com/caselaws?id=417553 The Tribunal ordered the restoration of the company's name in the Registrar of Companies register under Section 252 of the Companies Act, 2013. The restoration was subject to conditions including filing pending returns, paying costs, and restrictions on asset disposal. Directors disqualified under Section 164 could not be automatically restored. The petitioner had to file an affidavit of compliance within two months and shareholders had to submit an Undertaking regarding financial transactions during demonetization. The RoC retained power to take action for alleged late filings or non-compliance. The Application for restoration was granted with specified terms. en-us Fri, 24 Dec 2021 00:00:00 +0530 Thu, 27 Jan 2022 08:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417553 The Tribunal ordered the restoration of the company's name in the Registrar of Companies register under Section 252 of the Companies Act, 2013. The restoration was subject to conditions including filing pending returns, paying costs, and restrictions on asset disposal. Directors disqualified under Section 164 could not be automatically restored. The petitioner had to file an affidavit of compliance within two months and shareholders had to submit an Undertaking regarding financial transactions during demonetization. The RoC retained power to take action for alleged late filings or non-compliance. The Application for restoration was granted with specified terms. Case-Laws Companies Law Fri, 24 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417553