TaxTMI 
TaxTMI 
2020 (11) TMI 160
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....ff by the Registrar of Companies, Uttar Pradesh U/s 248 of the Companies Act, 2013 read with Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016, from the Register of Companies maintained by the Registrar of Companies, Uttar Pradesh. 2. Facts of the appeal are stated as under: i. The Appellant company M/Vardan Infra Heights Private Limited was originally incorporated on 01.08.2012 with the Registrar of Companies, Uttar Pradesh having CIN U45400UP2012PTC051753. ii. The Appellant Company is involved in business of Building completion includes activities that contribute to the completion or finishing of a construction. Repairs of the same type are also included in the corresponding sub-classes. The same is....
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....ear 2014-15, 2015-16 and 2016-17. 4. The Income Tax Authorities in its representation mentioned that during the on spot verification it was found out that there was no such company found existing at the given registered address and further the company has filed the ITR only for the assessment year 2013-14. 5. The Appellant has placed before us the audited balance sheet for the financial year 2013-14, 2014-15, 2015-16 & 2017-2018, in which the last audited balance sheet as on year ended 31.03.2017 reflects revenue from operation as Rs. 2,37,695/- the company have assets (fixed and current assets) amounting to Rs. 45,47,189/- and also have cash and cash equivalents of Rs. 85,815/- for running the business showing it to be an ongoing concern....
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.... examined the relevant provision applicable for restoration of the name of the company as provided in Section 252 of the Companies Act 2013 and as per the facts and circumstances of the case, it will be in the interest of the Company, its Shareholders and Creditors, the name of the Company be ordered to be restored by this Bench while exercising its jurisdiction U/s 252 of the Companies Act, 2013 read with Rules made thereunder. 9. The provisions pertaining to restoration of the name of the company has been provided in Section 252 of the Companies Act 2013 which includes that, if it is just and equitable to restore the name of the company in the Registrar of Companies, it may direct the ROC to restore the name in its Register. 10. The App....