https://www.taxtmi.com/caselaws?id=450511 NCLAT Principal Bench allowed company's appeal for restoration of struck name from ROC register. Company was struck off for non-filing of financial statements and annual returns under Section 248(5) of Companies Act, 2013. Tribunal found non-compliance was inadvertent due to director's father's illness and lack of professional guidance, with expired chartered accountant. Company demonstrated readiness to comply with statutory provisions upon restoration. NCLAT held no prejudice would result from restoration as company was not a shell entity or involved in fund syphoning. Name ordered restored subject to fulfilling compliance requirements. en-us Tue, 05 Mar 2024 00:00:00 +0530 Wed, 06 Mar 2024 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450511 NCLAT Principal Bench allowed company's appeal for restoration of struck name from ROC register. Company was struck off for non-filing of financial statements and annual returns under Section 248(5) of Companies Act, 2013. Tribunal found non-compliance was inadvertent due to director's father's illness and lack of professional guidance, with expired chartered accountant. Company demonstrated readiness to comply with statutory provisions upon restoration. NCLAT held no prejudice would result from restoration as company was not a shell entity or involved in fund syphoning. Name ordered restored subject to fulfilling compliance requirements. Case-Laws Companies Law Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450511