Overview
When a company fails to carry out its statutory filings or operations for a prolonged period, the Registrar of Companies (ROC) may remove its name from the Register of Companies under Section 248 of the Companies Act, 2013. This process is known as “strike off”. Once struck off, the company legally ceases to exist and cannot carry on any business or operate its bank accounts.
However, the law provides an opportunity to revive such a company through a revival or restoration process under Section 252 of the Companies Act, 2013. This process allows the company, its members, or creditors to apply to the National Company Law Tribunal (NCLT) for restoration if it can be shown that the company was active or intends to carry on business in the future.
At BizGlobal, we assist in preparing and filing the complete restoration application, drafting petitions, compiling supporting documents, and obtaining orders from NCLT to reinstate the company’s legal status effectively and efficiently.