2021 (6) TMI 187

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....y) who filed the present Application under Section 252 of the Companies Act, 2013, with a prayer for issuance of directions to the Registrar of Companies, Hyderabad to restore the name of the Company in the Register of Companies and to pass such order as deemed fit in the circumstances of the case. 2. The averments made in the Company Application are briefly described hereunder:- a. The Company M/s. Indian Aerospace Industries Limited (hereinafter referred to as the "Company") is incorporated under the provisions of Companies Act, 1956, on 26.02.2011. Copy of Memorandum and Articles of Association of the Company is enclosed to the application as Annexure-1. b. It is averred that the Company has commenced its operations ....

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....ered office etc. were also stated. While submitting the above facts, the RoC has observed that the Company had defaulted in filing Financial Statements and Annual Returns for more than two years. Accordingly, Notice under section 248(1) of the Act was issued to the company and its directors. Further STK-5 Notice dated 05.05.2017 was issued and the same was published in the Government of India Gazette. Newspaper publication was also made informing all the stakeholders about the list of companies published in the website. Finally, the company was struck off and STK-7 Notice dated 21.07.2017 was also published in the Gazette. 4. The Roc has observed that the applicant has not filed any Balance Sheet and Annual Return with the RoC since its ....

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....ved. We are satisfied with the reasons shown by the Applicant for restoration of the name of the Company in the register of companies maintained by the Respondent. Admittedly, the relevant documents which are to be filed, are ready with the Company and the Company is willing to file the same, if so permitted. 10. The Company has not deposited heavy cash in its Bank Account during the period of demonetization. Copy of Bank statement along with demonetization affidavit is enclosed to the Application. We are satisfied with the reasons shown by the Applicant for restoration of the name of the Company in the register of companies maintained by the Respondent. 11. By exercising the powers conferred on this Tribunal under Section 252 of the ....