{"id":223111,"date":"2019-12-11T10:00:15","date_gmt":"2019-12-11T04:30:15","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223111"},"modified":"2019-12-24T18:26:24","modified_gmt":"2019-12-24T12:56:24","slug":"nclat-companys-name-restored-in-register-of-companies-where-registrar-failed-to-comply-with-s-2486-of-companies-act","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/11\/nclat-companys-name-restored-in-register-of-companies-where-registrar-failed-to-comply-with-s-2486-of-companies-act\/","title":{"rendered":"NCLAT | Company’s name restored in Register of Companies where Registrar failed to comply with S. 248(6) of Companies Act"},"content":{"rendered":"

National Company Law Appellate Tribunal (NCLAT):\u00a0<\/strong>A Bench of Justice Jarat Kumar Jain, Member (Judicial) and Balvinder Singh and Dr Ashok Kumar Mishra, Members (Technical), set aside the order passed by the National Company Law Tribunal, Mumbai, whereby it had confirmed the decision of Registrar of Companies striking off the name of the appellant company from the Register of Companies, Pune.<\/p>\n

The Company was served notice under Section 248(1)(c) of the Companies Act, 2013. The Company, in its reply, intimated the Registrar that inadvertently regulatory filings for the year ending 31-03-2015 and 2016 were yet to be filed and the Company was in process of completing the same at the earliest. Thereafter, a public notice was issued on and the Company’s name was struck off from the register of Companies. This was challenged before the NCLT, Mumbai, which dismissed the Company’s appeal. Being aggrieved, the Company and its shareholders filed the instant appeal.<\/p>\n

After considering the facts of the case, the Appellate Tribunal noted that\u00a0“when the company has responded to the notice issued by Registrar of Companies, then Registrar of Companies has also to see that the compliance of Section 248(6) of the Companies Act, 2013 is met.” <\/strong>Section 248(6) provides:<\/p>\n

\n
\n
\n

\u201c(6) The Registrar, before passing an order under sub-section (5), shall satisfy himself that sufficient provision has been made for the realization of all amount due to the company and for the payment or discharge of its liabilities and obligations by the company within a reasonable time and, if necessary obtain necessary undertakings from the managing director, director or other persons in charge of the management of the companies. Provided that notwithstanding the undertakings referred to in this sub-section, the assets of the company shall be made available for the payment or discharge of all its liabilities and obligations even after the date of the order removing the name of the company from the register of companies.\u201d<\/p>\n

The Appellate Tribunal further noted that the Registrar struck off the name of the Company without complying with the above-said provision.<\/p>\n

In such view of the matter, the Appellate Tribunal set aside the order of NCLT, Mumbai, and directed that the Company’s name will be restored in the Register of Companies, subject to compliance with the conditions imposed. [Deorao Shriram Kalkar v. Registrar of Companies, 2019 SCC OnLine NCLAT 757<\/b><\/a>, decided on 06-12-2019]<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

National Company Law Appellate Tribunal (NCLAT):\u00a0A Bench of Justice Jarat Kumar Jain, Member (Judicial) and Balvinder Singh and Dr Ashok Kumar Mishra, <\/p>\n","protected":false},"author":8808,"featured_media":153604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[38795,38794,38793],"class_list":["post-223111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-companys-name","tag-register-of-companies","tag-section-2481c-of-the-companies-act"],"yoast_head":"\nNCLAT | Company's name restored in Register of Companies where Registrar failed to comply with S. 248(6) of Companies Act | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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2019","format":false,"excerpt":"National Company Law Appellate Tribunal (NCLAT): The Bench of Justice A.I.S Cheema, Member (Judicial) and Balvinder Singh, Member (Technical) observed that a shareholder of a company is entitled to file a petition for the revival of the company. The name of one\u00a0\"Venku Hospitals (P)Ltd.\" was struck off from the Register\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":223895,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/07\/tata-v-mistry-nclat-explains-why-roc-cannot-take-advantage-of-s-43-a2-a-of-companies-act-1956-clarifies-no-aspersion-cast-on-roc-in-earlier-order\/","url_meta":{"origin":223111,"position":1},"title":"Tata v. 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Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial) dismissed an appeal filed seeking reduction in penalty imposed on the defaulting company and its Directors. The penalty was imposed on the company and its Directors for defaulting\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":212332,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/21\/nclat-company-and-its-directors-to-be-treated-equally-while-imposing-fine-for-delay-in-filing-cost-audit-report\/","url_meta":{"origin":223111,"position":4},"title":"NCLAT | Company and its directors to be treated equally while imposing fine for delay in filing Cost Audit Report","author":"Bhumika Indulia","date":"March 21, 2019","format":false,"excerpt":"National Company Appellate Tribunal (NCLAT):\u00a0A Bench of Justice S.J. Mukhopadhaya, Chairperson and Justice A.I.S. Cheema, Member (Judicial) held that the company and the directors have to be treated equally while imposing fine for delay in filing Cost Audit Report. The appeal was filed against the order of National Company Law\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/08\/NCLAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":300539,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/09\/02\/nclat-upholds-imposition-of-rupees-10-lakh-compounding-fees-for-non-compliance-with-s185-of-the-companies-act-2013\/","url_meta":{"origin":223111,"position":5},"title":"NCLAT upholds NCLT’s order imposing \u20b9 10 Lakh compounding fees for non-compliance with Section 185 of the Companies Act, 2013","author":"Ritu","date":"September 2, 2023","format":false,"excerpt":"In a matter concerning advancement of \u20b9360 crore loan by Hewlett Packard Enterprise India in violation of Section185 which only permit granting of loan for repayment of the loan and not for any other reason, the NCLT imposed \u20b9 10 Lakh compounding fees.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"national company law appellate tribunal","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/national-company-law-appellate-tribunal-1.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/223111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=223111"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/223111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/153604"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=223111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=223111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=223111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}