Explain the situations in which a Company cannot apply for Striking off its name from the Register of Companies.

CS Executive · Setting up of Business Entities and Closure · PYQS · December 2021
Explain the situations in which a Company cannot apply for Striking off its name from the Register of Companies.

Answer & Explanation:

The Company shall not make any application for the strike off of the Company if any time in the previous 3 months the company has done any of the below mentioned things: has changed its name or has shifted its registered office from one State to another; has made a disposal for value of property or rights held by it, immediately before cesser of trade or otherwise carrying on of business, for the purpose of disposal for gain in the normal course of trading or otherwise carrying on of business; has engaged in any other activity except the one which is necessary or expedient for the purpose of making an application under that section, or deciding whether to do so or concluding the affairs of the company, or complying with any statutory requirement; has made an application to the Tribunal for the sanctioning of a Compromise Or Arrangement and the matter has not been finally concluded; is being wound up under Chapter XX of this Act or under the Insolvency and Bankruptcy Code, 2016.

Topics: Company Law

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