2021 (1) TMI 4

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.... in brief, are that Company was incorporated on 25.05.2015 with CIN: U72400MP2015PTC034235 as a Private Limited Company to carry on business of Software designing, development, customization, implementation, maintenance, testing and benchmarking designing, developing and dealing in computer software etc. However, Company did not file its Annual Returns and Financial Statements for the Financial Year 2015-16, 2016-17, 2017-18 and 2018-19 which resulted into belief on the part of Registrar of Company (ROC) that the company was neither carrying on business nor in operation. This belief was further strengthened due to the fact that the company had not taken status of dormant company under Section 455 of the Companies Act, 2013. Accordingly, Reg....

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....trike off the name of such company from its Register of Companies. No plausible explanation has been given for such failure. However, from the records produced before us it is noted that company is maintaining a Bank Account wherein reasonable regular transactions are happening. The company has also filed return of income for assessment year 2019-20. It has also been pleaded that the company is not a shell company. It has also been pleaded that they wish to carry on the business after restoration of name. In view of the above facts, we consider it just and proper to restore the name of the company in the Register of Companies, from date of its striking off subject to payment of cost for non-compliance of rules relating to filing the Statuto....