NCLT restore name of Striked-Off Company subject to Payment of Cost

Striking off the name of a company and restoration of a struck-off company’s name by NCLT on payment of the cost. Sections 248 to 252 of the Companies Act, 2013 (the Act) provide the procedure for striking off company names by the ROC or voluntarily by the company. Striking off a company’s name means closing a defunct company in a faster manner and is the simplest way to dissolve a company. Striking off the name of a company is an alternative mechanism for closing the operations of the company. The Registrar of Companies (ROC) can issue a notice to strike off the company name from ...