TaxTMI 
TaxTMI 
2021 (5) TMI 710
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....) filed by Mr. Gazula Govinda Rao, who is the Director and 2. Shareholder of M/s. Vinda Technologies Limited (hereinafter referred to as the 'Company') inter-alia, seeking direction to the Registrar of Companies, Hyderabad (the 'RoC') to restore the name of the Company in the Register of Companies maintained by the Registrar of Companies. 3. The averments made in the Company Application are briefly described hereunder:- The Company M/s. Vinda Technologies Limited is a Company incorporated under the Companies Act, 1956 on 27.08.1999 with CIN: U72200TG1999PLC032390, having its Registered Office at 405, 4th Floor, Maitrivihar Commercial Complex, Ameerpet, Hyderabad, Telangana - 500 016. 4. The averments made i....
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....is not pending before any Tribunal or any other Authority. vii. The Applicant stated that the Application is within the limitation under Section 252(3) read with Section 433 of the Act. viii. The Applicant enclosed the following documents giving justification/substantiating that the Company has been operational as under:- i. A copy of Certificate of Incorporation of the Company and Memorandum & Articles of Association of the company; ii. Copies of Audited Financial Statements of the Company for the Financial Years from 2011-12 to 2018-19; iii. Copies of Acknowledgement of Income Tax Returns for the Assessment Years 2012-13 & 2013-14 and Computation of Income Statements for the Assessment Years fr....
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.... iv. The Respondent stated that as per P&L Account as at 31.03.2018 to 31.03.2019 the Applicant's Company "Revenue from Operations" is "zero". Thus, the Applicant did not carry any business before its strike off and hence the Applicant needs to state what purpose will be served by restoration of the company. v. The Respondent stated that the Applicant has furnished Bank Statement upto 2013 only. The Applicant has to submit the Bank Statement for the period from 2013 to 2017. Hence, the Respondent request Hon'ble Tribunal to direct the Applicant to file the ITRs from 2011 to 2017 and produce the Bank Statement from 2013 to 2017. vi. The Respondent stated that DIN of Directors were freezed by this Registrar o....
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....d and prayed the Tribunal to revive this Company. 8. Further, we have seen the latest Balance Sheet as on 31st March 2019 and Financial Statements for the year ending 31st March, 2019 of the Company. The Company is having Total Assets of Rs. 2,21,45,865/- and Total Liabilities of Rs. 1,82,76,560/-. 9. After hearing the Counsel for Applicant and after perusal of material documents on record, the report of the RoC, Hyderabad and after going through the provisions of Section 252(3) of the Companies Act, 2013, this Tribunal is of the view that the Company was in existence and it is a going concern and name of the Company to be restored in the Register of Companies as maintained by RoC. ORDER 10. By exercising the powers conferred on....
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.... file all the pending Income Tax Returns forthwith and proof of the same shall be submitted alongwith this order to ROC for restoration of the name of the company. 6) ROC is directed to satisfy himself about satisfactory compliance of the observations made in their report before restoring the name of the Company in the Register of Companies. 7) The Company is directed to file all the statutory document(s) along with prescribed fees/additional fee/fine as decided by RoC within 30 days from the date on which its name is restored on the Register of companies by the ROC; 8) The Company's representatives, who have filed the Company application is directed to personally ensure compliance of this order. 9) T....