2010 (3) TMI 673

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pany petition has been filed under section 560(6) of the Companies Act, 1956 (the Act) read with Rule 92 to Rule 94 of the Companies (Court) Rules, 1959 seeking direction to the respondent Registrar of Companies, MP and Chhattisgarh to restore the name of the Company in the Register of Companies and consequential directions for restoration of rights and liabilities of Company from the date of stri....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....also been stated that the authorised share capital of the Company as on the date of filing of the petition is Rs. 20,00,000 divided into 20,000 equity shares of Rs. 100 each and the subscribed, issued and paid up capital of the Company is Rs. 1,02,200 divided into 1022 equity shares of Rs. 100. The petitioner has filed copy of the audited annual accounts for the financial year ended on 31-3-2009 s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l of the Ministry of Corporate Affairs for filing the documents as per the Act for the subsequent years it came to know that as per the Company master details available on the website of the Ministry the status of the Company for electronic filing was showing as "Strike off". 5. The case of the petitioner is that no notice under section 560(6) of the Act was ever served upon the petitioner Comp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ner that presently there are favourable circumstances under which the business activities of the Company can be restarted. 6. Having considered the averments made in the petition and the arguments put forth by learned counsel for the petitioner at the time of hearing of the matter and having gone through the provisions contained in section 560(6) of the Act in my considered view the prayer made....