NCLT Restores Struck-Off Company as Section 252(3) Requires No Minimum Shareholding

Advertisement Arun Dagaria Vs Registrar of Companies Gwalior (NCLT Indore) The National Company Law Tribunal (NCLT), Indore Bench, allowed an appeal under Section 252(3) of the Companies Act, 2013 and directed restoration of the name of M/s. Space City Homes Private Limited in the Register of Companies maintained by the Registrar of Companies (ROC), Gwalior. The Tribunal held that there is no minimum shareholding requirement for a member to seek restoration of a struck-off company, as the right conferred under Section 252(3) is an individual statutory right. The appellant, a registered shar...