CASE STUDY ON REMOVAL OF NAMES OF COMPANIES FROM

THE REGISTER OF THE COMPANIES

Name: Tharunya. K Class: II M. Com CS Roll Number: 212CR020
Elective: III Subject: Corporate Compliance Management and Due Diligence.
R Narayanasamy vs The Registrar Of Companies Tamilnadu... on 26 November, 2020
Bench : Venugopal M, Alok Srivastava National company law appellate tribunal.
Appellant: R Narayanasamy.
Respondent: The Registrar of the Companies. Order Date: 26th November, 2020.

ABSTRACT
Reason for the case
The case relates to the order of the Registrar of Companies, Tamil Nadu, Coimbatore
striking off the name of the company M/S Shri Laxmi Spinners Private Limited from the
Register of Companies.

R Narayanasamy:
The notice for submission of reports was received by the company on 16.07.2018. The
Company filed its reply dated 24.07.2018 to the Registrar of Companies Tamil Nadu,
Coimbatore wherein it accepted that the Company was not functioning and the required balance
sheets and annual reports were also not filed by the Company for the previous four years.

The Registrar of the Companies:

The Registrar of Companies Tamil Nadu, Coimbatore issued a show cause notice
under Section 248 of the Act on 11.5.2018, proposing to strike off the name of the Company
from the Register of Companies unless reasonable cause is shown within 30 days of the receipt
of the show cause notice by the Appellant Company.

ORDER
It is lucidly made clear that the restoration of the name of the Company Shri Laxmi
Spinners Private Limited' is subject to its filing of all outstanding documents required by Law
and completion of all statutory formalities, including payment of any late fee or any other
charges which are leviable by the Respondent for late filing of statutory returns and also on
payment of cost of Rs. 35,000/- to be paid to the Prime Minister's Relief Fund. The name of
the Appellant / Applicant's Company shall then, as a consequence, shall stand restored to the
Register of the 'Registrar of Companies', as if the name of the Company had not been struck
off in accordance with Section 248(5) of the Companies Act, 2013.