STRIKE OFF OF NAME OF COMPANY/LLP
Other than the winding up of Company there are another Ways of Striking off of Companies:-
- By Registrar of Companies on suo-motto :- Section 248(1) Companies Act 2013
Where the Registrar has reasonable cause to believe that—
(a) a company has failed to commence its business within one year of its incorporation;
(b) the subscribers to the memorandum have not paid the subscription which they had undertaken to pay within a period of one hundred and eighty days from the date of incorporation of a company and a declaration under sub-section (1) of section 11 to this effect has not been filed within one hundred and eighty days of its incorporation;
or
(c) a company is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company under section 455, he shall send a notice to the company and all the directors of the company, of his intention to remove the name of the company from the register of companies and requesting them to send their representations along with copies of the relevant documents, if any, within a period of thirty days from the date of the notice.
- By Application of Company for removal of name/ Strike off of Company:- Section 248 (2) of Companies Act 2013
Without prejudice to the provisions of sub-section (1), a company may, after extinguishing all its liabilities, by a special resolution or consent of seventy-five per cent. Members in terms of paid-up share capital, file an application in the prescribed manner to the Registrar for removing the name of the company from the register of companies on all or any of the grounds specified in sub-section (1) and the Registrar shall, on receipt of such application, cause a public notice to be issued in the prescribed manner:
Provided that in the case of a company regulated under a special Act, approval of the regulatory body constituted or established under that Act shall also be obtained and enclosed with the application.
Nothing in sub-section (2) shall apply to a company registered under section 8
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