How RegisterKaro Can Assist in the Revival of Your Struck Off Company
Introduction
Navigating the complexities of corporate regulations can be challenging, especially when dealing with a struck-off company. RegisterKaro, a premier business compliance and advisory service, offers specialized support to revive your company and bring it back into active status. Here’s how RegisterKaro can assist you in this intricate process:
Comprehensive Legal Guidance
RegisterKaro provides expert legal guidance tailored to your specific situation. Their team of experienced professionals thoroughly understands the legal framework governing company revival. They ensure compliance with all necessary regulations and help you navigate the legalities seamlessly, avoiding potential pitfalls and delays.
Detailed Documentation Assistance
Reviving a struck-off company requires meticulous preparation and submission of various documents. RegisterKaro assists in the preparation, verification, and submission of all necessary forms and documents to the Registrar of Companies (ROC). This includes filing the necessary petitions, affidavits, and financial statements, ensuring that all paperwork is accurate and complete.
Representation and Liaison Services
RegisterKaro acts as a liaison between your company and regulatory authorities. They represent you in communications and proceedings with the ROC and other governmental bodies, ensuring that your case is presented effectively and favorably. This representation is crucial for addressing any objections or queries raised by the authorities promptly.
Strategic Advisory
RegisterKaro offers strategic advisory services to help you understand the implications of reviving your company. They provide insights into the financial, operational, and compliance aspects of bringing your company back to life, helping you make informed decisions and plan for a sustainable future.
Timely and Efficient Process
Time is of the essence when dealing with a struck-off company. RegisterKaro leverages its expertise and streamlined processes to expedite the revival process. They keep track of deadlines, follow up with authorities, and ensure that all procedures are completed in a timely manner, minimizing downtime and disruption to your business operations.
Post-Revival Support
Reviving a company is just the beginning. RegisterKaro offers post-revival support to ensure your company remains compliant with all regulatory requirements going forward. This includes ongoing compliance management, filing annual returns, and ensuring adherence to statutory obligations, thereby preventing future risks of being struck off again.
Personalized Service
Every company’s situation is unique, and RegisterKaro provides personalized service to cater to your specific needs. They assess your company’s particular circumstances and tailor their approach to ensure the most effective revival strategy, providing you with peace of mind and confidence throughout the process.
Conclusion
Reviving a struck-off company can be a daunting task, but with RegisterKaro’s expert assistance, you can navigate this complex journey with ease. From legal guidance and documentation to strategic advisory and post-revival support, RegisterKaro is your trusted partner in bringing your company back to life and ensuring its long-term success.
Reviving a struck-off company can be a complex and daunting process, but RegisterKaro has streamlined and simplified this procedure to ensure a smooth and efficient restoration. Here’s a comprehensive overview of how RegisterKaro facilitates the revival of struck-off companies: Understanding Struck-Off Status: A company may be struck off by the Registrar of Companies (RoC) due to non-compliance with regulatory requirements, such as failing to file annual returns or financial statements. Struck-off companies are removed from the official register, effectively ceasing their legal existence. Preliminary Assessment: RegisterKaro initiates the revival process by conducting a thorough preliminary assessment to determine the reasons for the strike-off and the feasibility of restoration. Experts at RegisterKaro review the company’s history, compliance records, and financial status to devise a tailored revival strategy. Legal Consultation and Documentation: Legal professionals at RegisterKaro provide comprehensive consultation to the company’s directors and stakeholders, outlining the necessary steps and legal implications of the revival process. The team assists in gathering and preparing essential documents, including the petition for restoration, financial statements, compliance records, and any other requisite forms. Filing the Application: RegisterKaro ensures meticulous preparation and filing of the application for revival with the National Company Law Tribunal (NCLT) or the respective authority. The application includes all necessary documents and justifications for the restoration of the company’s name to the register. Representation and Follow-Up: RegisterKaro provides representation during hearings and proceedings at the NCLT, advocating for the company’s revival. The team maintains regular follow-up with regulatory authorities to track the progress of the application and address any queries or additional requirements promptly. Compliance and Reinstatement: Upon approval of the application by the NCLT, RegisterKaro assists the company in fulfilling any post-approval compliance requirements, such as updating financial records and filing overdue returns. The company’s name is reinstated to the official register, restoring its legal status and enabling it to resume business operations. Post-Revival Support: RegisterKaro offers ongoing support to ensure the company remains compliant with all regulatory requirements, preventing future instances of strike-off. The team provides advisory services on corporate governance, financial management, and statutory compliance to sustain the company’s good standing. By leveraging RegisterKaro’s expertise and streamlined processes, businesses can navigate the complexities of reviving struck-off companies with confidence and ease, ensuring a successful and hassle-free restoration.
Following are the persons who can make an appeal in NCLT to restore the company: Company; Any member/ creditor; Workmen. The revival of struck off companies typically involves several steps: Application for Company Restoration: /File an application for company restoration with the appropriate governing body or registrar, providing reasons for revival and paying any outstanding fees or penalties. Court Order (if required): /In some cases, especially if the company was dissolved for a long time or voluntarily struck off, a court order might be necessary for revival. Clearance of Debts and Obligations: /Clear any outstanding debts, taxes, or obligations the company had before dissolution. This might involve settling with creditors or addressing legal requirements. Updated Company Information: /Ensure all company information, such as director details, shareholding structure, and registered.
Following are the documents required for the Revival of Struck Off Companies: List of Directors Signed copy of MOA and AOA Copy of Board resolution Signed ITR acknowledgement copy Latest balance sheet vakalatnama / MOA Signed financial statement since when a company has to filed with ROC Proof of sending application copy with ROC and income Tax department. Copy of Bank statement. Proof regarding payment of application form.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
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Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
The following is the procedure for revival of struck off Companies: Preparation & filing of Petition The petition under for the restoration of name of struck Company shall be filed with the National Company Law Tribunal (NCLT) within a period of 3 years from the date of Strike off. Service of the petition to Respondents A copy of the application shall be served on the Registrar of Companies and on such other persons as the Tribunal may direct either by hand or post with proper receipt, not less than 14 days before the date fixed for hearing of the application. Hearing the Petition NCLT shall hear the Petitioner and Respondent (ROC). It will also take note of the observations/ objections, if any, received. After hearing Both the Parties, if it is satisfied that struck off company is not a defunct company, it can order the restoration of name of company in the record of the ROC. Directions by Tribunal Where the Tribunal makes an order restoring the name of a company in the register of companies, the order shall direct that – The appellant shall deliver a certified copy to the Registrar of Companies within thirty days from the date of the order; On such delivery, the Registrar of Companies do, in his official name and seal, publish the order in the Official Gazette; the appellant shall pay to the Registrar of Companies costs as directed by Tribunal. The company shall file pending financial statements and annual returns with the Registrar and pay required fee within such time as may be directed by the Tribunal. Filing of NCLT order with ROC The Company shall file the copy of order with Registrar of Companies within a period of 30 days from the date of the order. The company shall file pending financial statements and annual returns with the Registrar with additional fee and comply with the requirements of the Companies Act, 2013 in this regard.
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Once a LLP is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the LLP will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
File a petition with tribunal in form NCLT-9 along with following documents: Affidavit verifying the petition in form no. NCLT-6 All the documents as mentioned above in support of the petition. Copt of application shall also be served to ROC and income tax department not less than 14 days before the date fixed for hearing of application. ROC may send his report to NCLT as to his comment and views on the restoration of company. NCLT after hearing all the parties may give an order for restoration of company in register of companies. Company is required to file order of NCLT to ROC within 30 days from the date of receipt of order. Company should file all the order of NCLT to ROC within 30 days from the date of receipt of order. Company should file all the pending financial statements and annual returns with ROC within the time prescribed by tribunal, if any At the end ROC will restore the company in the Register of Companies. Note: The revival of struck off companies may be done for a period of twenty years following the date of the strike-off as a replacement for winding up business. Any person who feels wronged by a register’s order, the company, a member, a creditor, or a worker may file an appeal or application
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No, a company that has been dissolved through voluntary strike off cannot legally operate under its company name. Once a company is struck off the register, it ceases to exist as a legal entity, meaning it cannot engage in business activities, enter into contracts, or hold assets. Any use of the company name after dissolution could lead to legal issues, including potential claims of fraud or misrepresentation.