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

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2023
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 provisions of ACTIVE Compliant companies indicating : (c) Restoration of status as ACTIVE COMPLIANT company, if FFT Ltd. files e-Form ACTIVE, on 26th June, 2022.

Answer & Explanation:

Restoration of Status: Rule 25A(2) of the Companies (Incorporation) Rules, 2014 states that where a company files "e-Form ACTIVE" on or after 16th June, 2019, the company, shall be marked as "ACTIVE Compliant" on payment of fee of ten thousand rupees. The FFT Ltd. is required to pay fee of ten thousand rupees (as the company filed e-Form ACTIVE on 26th June, 2022 in the given case).

Topics: Companies Act, 2013

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