The Companies Act 2006 provides a full range of remedies to help you. This is mainly applicable if your company is threatened with a Company strike-off. This includes the ability to withdraw your application. In fact, you can ensure that all relevant parties are notified, as well as a statutory right to appeal against an order to strike off your company. Indian corporate law firms are available to provide legal support in the event of a company strike-off. Rajendra Law Office, Corporate Lawyers in Chennai, Company Advocates is a leading corporate law firm in India. They provide legal assistance to companies during and after a strike-off. The firm’s team of experienced lawyers can provide advice on all aspects of corporate law. This includes mergers and acquisitions, dissolution, and other financial matters. Company strike off Remedies and Legal Support in Chennai There are a number of steps you can take to avoid the need for your company to be struck off, such as ensuring that your company’s accounts are filed on time and agreeing to more favorable payment terms with those who owe you money. This can mean receiving the money upfront or shortening the amount of time a company must pay you at any one time. To minimize the chances of your company receiving a strike-off notice and avoid future hassle, you can take steps to limit dealings with companies at risk of being struck off. This could involve refusing to sell goods or services to them. Providing advice on […]
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The procedure for Company Strike Off Steps and ROC revival indeed can vary depending on the jurisdiction and specific regulations. However, here is a general outline of the process:
1. Company Strike-off:
a. Obtain board and shareholder approval:
Firstly, Hold a board meeting and pass a resolution to strike off the company. In fact, It may also require Shareholder approval.
b. Clear outstanding liabilities:
Secondly, Settle any outstanding debts, taxes, or other liabilities of the company.
c. File necessary forms:
Thirdly, Prepare and file the necessary forms and documents with the Registrar of Companies (ROC) or relevant authorities. Of course, This may include a strike-off application, audited financial statements, and other required forms.
d. Publication of notice:
Fourthly, Publish a notice in the official gazette or other designated publications, announcing the company’s intent to be struck off.
e. Wait for the objection period:
Fifthly, Allow for a specified period for any interested parties to raise objections to the strike-off.
f. Strike-off approval:
Finally, If there are no objections or if the objections are resolved, the ROC will issue a strike-off notice and remove the company from the official register.
2. ROC Revival:
a. Rectification of default:
Firstly, Identify the reasons for the strike-off and rectify any defaults or non-compliance that led to the strike-off. In other words, This may include clearing outstanding fees, filing pending forms, and addressing any legal or regulatory requirements.
b. Application for revival:
Secondly, Prepare and file an application for revival with the appropriate authority, providing the necessary documents and forms as per the regulations.
c. Publication of revival notice:
Thirdly, Publish a notice of revival in designated publications, as per the regulatory authorities requirement.
d. Objection period:
Fourthly, Allow for a specified period for any interested parties to raise objections to the revival.
e. Revival approval:
Finally, If there are no objections or if the objections are resolved, the ROC will issue a revival notice and reinstate the company’s status on the official register.
It is important to note that the above Company Strike Off Steps are a general overview, and the actual process may differ based on the specific laws, regulations, and procedures of the jurisdiction of the company Registration. It is recommended to consult with a qualified legal professional or company secretary to ensure compliance with all applicable requirements.
