What happens when a Ltd company is struck off?

Once a company strike off form has been filed, the company can no longer trade, sell company assets or become involved in any other business activities. For all intents and purposes, your business is closed.

Can a struck off company be revived?

Any person who is affected by the order of a Company Strike Off, may file an appeal / petition / application for Revival of the Struck Off Company to the NCLT within a period of three years from the date of the order of the registrar and the burden of proof would be on the person applying for the revival and if the …

How long does it take Companies House to strike off a company?

This notice will state that, unless reason to the contrary is demonstrated, the limited company will be struck off the register two months from the date of the publication of the notice. Once it is struck off the register, another gazette notice will be published, after which point the company will be dissolved.

When can Roc strike off company?

Voluntary Application to Strike Off a Company The company can apply to the ROC for removing its name after extinguishing all its liabilities on either or all of the following grounds: The company fails or does not commence business within one year of incorporation.

Who maintains the register of dormant company?

The Registrar
(3) The Registrar shall maintain a register of dormant companies in such form as may be prescribed.

What happens to director of dissolved company?

Proceeds from the Liquidation As the company nears the final stages of liquidation, any proceeds realised from the company’s assets will be distributed to the company’s creditors. Directors will not receive any proceeds from the company in their capacity as shareholders, as the company was insolvent.

Can ROC strike off a company through show cause notice?

As per notice ROC shall strike off the Company if appropriate reply not filed within 30 days and ROC will take appropriate action against the Directors. Many professionals have been raising question on interpretation/ provisions relating to strike off through Show Cause Notice, liability of director etc.

What happens when a company is dissolved by Roc?

If a company confirms its dissolvement, it shall cease its operations as a company from the date of such dissolvement, and the Certificate of Incorporation issued to it by the ROC shall be deemed to have been cancelled, except for the discharge of any existing liabilities or obligations. Q5) How long does it take to Strike off of a company? Ans.

What is the first step after receipt of ROC notice?

As a result, First step after receipt of notice should be, filing of an appropriate reply with concerned ROC by point out the facts of non operational or non filing of ROC forms, intent of the Company either closure of the Company or continue the business of the Company etc.

What happens after the name of a company is struck off?

Nothing will happen after the name of Company got struck off. You will receive notice form MCA, for non- compliance and need to give justifiable reason for non filling. Yes it will include warning too that Companies name will be struck off if no reply will recived within certain period of time.