List out the Companies, which cannot be removed through procedure prescribed under section 248 of the Companies Act, 2013.
CS Executive · Setting up of Business Entities and Closure · PYQS · December 2020
List out the Companies, which cannot be removed through procedure prescribed under section 248 of the Companies Act, 2013.
Answer & Explanation:
Companies which cannot be removed under Section 248 of the Companies Act, 2013 are as under: Listed Companies Companies registered under section 8 Companies having charges which are pending for satisfaction Companies whose application for compounding is pending for compounding of offences committed by the company or any of its officers in default Companies against which any prosecution for an offence is pending in any court Vanishing Companies Companies that have been delisted due to non-compliance of listing regulations or listing agreement or any other statutory laws; Companies where inspection or investigation is ordered and being carried out or actions or such order are yet to be taken up or were complete but prosecutions arising out of such inspection or investigation are pending in the court. Companies which have accepted public deposits which are either outstanding or the company is in default in repayment of the same; Companies where notices under section 234 of Companies Act, 1956 or 206 or 207 of the Companies Act, 2013 have been issued by the Registrar or Inspector and reply thereto is pending or report under section 208 is pending or where any prosecution arising out of such inquiry or scrutiny, if any, is pending with the court.
Topics: Company Closure
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