You as a Company Secretary in Practice, are asked by your new client FFT Ltd. for restoration of ACTIVE non-Compliant company to the ACTIVE Compliant company in the records of Registrar of companies. Explain the provisio

Exclusions by reason of non-compliance: Proviso 1 to Rule 25A(1) of the Companies (Incorporation) Rules, 2014 states that the company which has not filed its due financial statements under Section 137 or due annual returns under Section 92 or both with the Registrar are restricted from filing e-Form ACTIVE, unless such company is under management dispute and the Registrar has recorded the same on the register.