NCLAT allows restoration of the name of a Company on payment of costs of Rs.75,000/- to the Prime Minister’s Relief Fund – HIFFCO Farming Ltd. Vs. Registrar of Companies, West Bengal – NCLAT New Delhi
April 28, 2022
NCLAT held that the Restoration of the Name of the Appellant’s company is subject to its filing of all outstanding relevant documents required by law and fulfilling all the Statutory Requirements (including the payment of any late fee or any other charges which are leviable by the Respondent for belated filing of Statutory Returns for the periods in question) and also on payment of costs of Rs.75,000/-, to be paid to the “Prime Minister’s Relief Fund”. The name of the Appellant/Company shall then, as a consequent effect, shall stand restored to the Register of the Registrar of Companies as if the name of the Company was not struck off in accordance with Section 248(5) of the Companies Act, 2013. In this judgment, important judgments related to restoration of name are also listed.