Power of Registrar to remove name of company from register of companies.

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....e Registrar has reasonable cause to believe that-           (a) a company has failed to commence its business within one year of its incorporation;           (b) the subscribers to the memorandum have not paid the subscription which they had undertaken to pay within a period of one hundred and eighty days from th....

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....p;    (2) Without prejudice to the provisions of sub-section (1), a company may, after extinguishing all its liabilities, by a special resolution or consent of seventy-five per cent. members in terms of paid-up share capital, file an application in the prescribed manner to the Registrar for removing the name of the company from the register of companies on all or any of the grounds ....

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....tice, the Registrar may, unless cause to the contrary is shown by the company, strike off its name from the register of companies, and shall publish notice thereof in the Official Gazette, and on the publication in the Official Gazette of this notice, the company shall stand dissolved.      (6) The Registrar, before passing an order under sub-section (5), shall satisfy himse....