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Revival of Struck off Company

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    Overview

    When your company has been struck off by the Registrar of Companies (RoC), deciding on its revival is a critical juncture. This process requires a clear understanding of the available legal options and the intricate path ahead. Taxwale Consultants stands as your trusted guide, illuminating the way towards a smooth, compliant, and efficient revival of your struck-off company.

    Reinstating Legal Status:

    Taxwale facilitates the complete legal restoration of your struck-off company with the RoC. This process brings your entity back to active status, making it compliant and operational again.

    Safeguarding Company Assets:

    Revival is crucial to protect your company's valuable assets, including bank accounts, properties, and intellectual property, from being treated as unclaimed or frozen due to the strike-off.

    Protecting Director Status:

    A successful revival removes the disqualification status imposed on directors of struck-off companies. This allows directors to hold directorships in other companies without legal impediment.

    Ensuring Business Continuity:

    Revival allows you to resume operations, contracts, and business relationships seamlessly. Taxwale helps you get your business back on track, preventing loss of opportunities.

    How it works

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    Submit all necessary documents required for company registration.

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    COMMON QUESTION

    Most Popular Questions

    Here are answers to some of the most common questions regarding the Revival of a Struck-Off Company. We aim to provide clear, concise information to help address your queries efficiently.

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     What does 'Struck Off Company' mean?

    A 'Struck Off Company' is one whose name has been removed from the Registrar of Companies (ROC) records, usually due to non-compliance or inactivity, and it ceases to exist as a legal entity.

    Why would a company be struck off by the RoC?

    Companies are typically struck off for continuous non-filing of annual returns and financial statements, or if they have not commenced business within one year of incorporation, or have ceased business for two immediately preceding financial years.

    Why is it important to revive a struck-off company?

    Revival is crucial to regain legal status, protect assets, resume business operations, avoid directors' disqualification, and clear any associated legal liabilities for the company and its directors.

    Who can file a petition for the revival of a struck-off company?

    A company, its directors, members, or even creditors can file a petition with the National Company Law Tribunal (NCLT) for the revival of a struck-off company.

    What is the process for reviving a struck-off company?

    The process involves filing a petition with the NCLT, submitting all pending financial statements and annual returns, and complying with any directions issued by the NCLT or RoC.

    What are the key documents required for company revival?

    Key documents include a petition to NCLT, affidavits, audited financial statements for the period of strike-off, bank statements, proofs of ongoing business (if any), and details of past non-compliance.

    How long does the company revival process typically take?

    The revival process can take several months, depending on the NCLT's schedule, the complexity of the case, and the promptness of compliance with all required filings and documentation.

     What happens after the NCLT orders revival?

    Once NCLT orders revival, the company's name is restored to the RoC's register, and it must then fulfill all pending compliance requirements within the stipulated time frame.

    What are the financial implications during and after revival?

    During revival, pending government fees and penalties must be paid. After revival, the company becomes liable for all past and future compliance costs, including audits and annual filings.

    Can a disqualified director become active after company revival?

    Yes, upon the successful revival of the struck-off company, the disqualification imposed on its directors due to the strike-off can also be revoked, allowing them to resume active directorships.

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    Revival of Struck Off Company

    Finding your company’s name struck off the Registrar of Companies (RoC) list can be alarming, yet it’s frequently not a terminal situation. The Revival of a Struck Off Company is an intricate legal journey requiring specialized knowledge and meticulous execution. Taxwale Consultants stands as your expert partner, providing unmatched expertise and unwavering support to successfully reinstate your company’s active legal standing.

    Specialized Legal & Corporate Expertise: Our team of seasoned Chartered Accountants and corporate legal experts holds profound, current knowledge of the Companies Act, 2013, and the specific revival procedures. We grasp the intricacies of NCLT petitions, RoC compliance, and legal nuances, offering precise guidance throughout every stage.

    Meticulous Document Preparation & Filing: The revival process necessitates a comprehensive suite of documents, including NCLT petitions, affidavits, indemnity bonds, and detailed financial statements. We rigorously prepare, review, and submit all required paperwork, ensuring utmost accuracy and compliance to significantly enhance your prospects for successful reinstatement.

    Seamless NCLT Representation & Follow-up: As company revival commonly entails petitioning the NCLT, we expertly guide you through NCLT petition preparation, facilitate attendance at hearings, and diligently follow up with all relevant authorities. This ensures a smooth and timely progression of your revival case from initiation to conclusion.

    Addressing Underlying Compliance Issues: Given that a company’s strike-off often stems from non-compliance, our service extends beyond mere petition filing. We actively identify and rectify the root causes of the strike-off, ensuring all pending annual filings, financial statements, and other essential compliances are fully addressed, guaranteeing your company’s complete compliance post-revival.

    Time & Cost-Efficient Restoration: Attempting to navigate the revival process independently is often protracted and prone to costly errors, resulting in significant delays and escalating expenses. By leveraging Taxwale’s specialized expertise, you effectively circumvent common pitfalls, preserving invaluable time and ensuring a more efficient restoration of your company’s active status.

    Comprehensive Post-Revival Compliance Guidance: The company’s journey continues with ongoing compliance immediately following its revival. We deliver crucial guidance on all post-revival regulatory adherence, encompassing timely annual filings, comprehensive tax compliances, and other statutory requirements, ensuring your company consistently remains in good standing.

    Personalized & Empathetic Approach: Fully recognizing the inherent stress linked with a struck-off company, we adopt a personalized approach. We attentively listen to your unique circumstances and offer tailored solutions with genuine empathy and transparent communication throughout the entire challenging revival process.

    In summary, selecting Taxwale Consultants for the revival of your struck-off company signifies partnering with experts wholly committed to restoring your business to its complete operational and legal capacity. Allow us to expertly manage the intricate legal battle, enabling you to dedicate your focus to rebuilding and propelling your business towards renewed success.

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