2022 (7) TMI 52

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....2. The Company was incorporated on 22.05.2014 vide (CIN: U01403AP2014PTC094115) under the Act in the erstwhile State of Andhra Pradesh. The Registered Office of the Company is situated at Kurnool, Andhra Pradesh - 518003. Applicant/Director of the Company has filed this Application. 3. It is stated by the Applicant that the Authorised Share Capital of the Company is Rs. 1,00,000/- (Rupees Two Crores only) divided into 10,000 each equity share @ Rs. 10/- Each. The Issued, Subscribed and Paid-up Share capital of the Company is Rs. 1,00,000/- (Rupees One Lakh only) divided into 10,000 equity shares and each share @ Rs. 10/-. 4. The main objects of the Company are to carry on the business of agriculture and agricultural operations of cultivat....

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....19-2020 & 2020-2021 in order to prove that the Company is in existence and running. 8. The Applicant has submitted Affidavit stating that the Company has not deposited or received any cash during the period of demonetization and submitted bank statement from 01.01.2018 to 30.11.2021. 9. The Applicant requested that the Directors and all other persons may be ordered to be placed in the same position as nearly as possible as they were prior to the name of the Company being struck off from the Register of Companies. 10. The RoC, Andhra Pradesh, Vijayawada the Respondent herein, has filed a report vide Report No. ROCV/Reports/94115/Sec252/AMR/2022/277, dated 25.05.2022, wherein the details of the Company such as date of incorporation, addres....

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.... bank during the demonetization period. The RoC sought this Tribunal to direct to file all pending Financial Statements and Annual Returns and to pass orders imposing costs. 11. I perused the records. The material available on record indicates that the failure of the Company to furnish the statutory returns with the RoC was not intentional. Apparently the Company has been carrying on its operations, as the financial statements would indicate. Unless the Company's name is restored, it will prejudicially affect its prospects and adversely influence the Directors in their future endeavours. The Shareholders of the Company as well as the Applicant are keen to carry on and perform the objects of the Company in right earnest. There have been....

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....e thereunder. ii. The Appellant shall deliver a certified copy of the order to the Registrar of Companies, Andhra Pradesh within 30 days and the restoration of the Company's name is also subject to the payment of cost of Rs. 75,000/- (Rupees Seventy Five Thousand only) through online payment in www.mca.gov.in under miscellaneous fee by mentioning particulars as "payment of cost for revival of company pursuant to orders of Hon'ble NCLT in Company Appeal No. 06/252/AMR/2022 within 10 days from the date of receipt of copy of this order. Consequently thereupon the Bank Accounts if freezed shall get defreezed and kept open for operation by the Company. iii. Upon compliance, the RoC, Andhra Pradesh on receipt of the Order shall in his....