List out various situations in which a Company is not permitted to apply for strike off the name of the Company from Registrar of Companies.

CS Executive · Setting up of Business Entities and Closure · PYQS · December 2018
List out various situations in which a Company is not permitted to apply for strike off the name of the Company from Registrar of Companies.

Answer & Explanation:

Situations in which company cannot apply for Strike off The Company cannot make any application for striking off the name of the Company from Register of Companies if any time in the previous 3 months the company:- Has changed its name; 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 cessation 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; or is being wound up under Chapter XX, whether voluntarily or by the Tribunal.

Topics: Company Closure

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