Tag Archives: Strike off the name of company

Quick Acceptance of Disqualification


The government of India in its crackdown against illicit money and money laundering marked 209,032 for removal of names from its register of companies as shell companies. It also disqualified about 200,000 directors. As happens with most bureaucratic exercises in India, present exercise also raised more questions than it answers. There is no definition of shell companies in Indian law. The term shell companies used widely to denote companies used as a vehicle for money laundering or criminal activities. The term itself denotes that main culprit may be someone else.

Continue reading

Advertisements

REMOVAL OF NAME OF COMPANIES


Life always started to death. Company can be created and wind up. Sometimes, Idea of a company conceives, but fail to take life.

POWER OF REGISTRAR TO REMOVE NAME (SECTION 248):

Notice for Removal of Name by the Registrar:

The Registrar may send a notice to the company and all its director of his intention to remove the name of the company from the register of companies, when the Registrar has reasonable cause to believe –

Continue reading