How to revive a Strike off company

• January 27, 2021
• CA Chandan Agarwal's Office

Revival of a company which is strike off voluntarily or Suo-moto is in favor of both company and Economy as revived company will contribute to India’s Economic growth.

So let us know about the procedure of revival of strike off company.

But before knowing revival procedure, let us first understand the reasons why a company gets strike off.

Reasons for strike off of company 

1. By ROC itself

As per Section 248(1), ROC may strike off company name in following cases-

• Non- conduct of business operations for 2 immediately preceding years preceding the financial year and not applied for defunct company status u/s 455.
• Non- commencement of business within 1 year since incorporation.
• Subscribers to the memorandum have not paid subscription money undertaken at the time of incorporation and Form INC- 20A for Commencement of business not filed within 180 days of incorporation u/s 10A(1)
• After physical inspection of company u/s 12(9), it was found that the company is not engaged in any business operations.

Read more on: https://taxguru.in/company-law/revive-strike-company.html