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What is Company Name Restoration and why is it needed?
Company Name Restoration is the legal process of bringing a company back after it has been removed or "struck off" by the Registrar of Companies (ROC). This usually happens when a company does not file its annual returns, financial statements, or fails to follow compliance rules for a long time. If the government believes the company is inactive, it removes the name from the records.
Many business owners choose to restore their company because they want to restart operations, hold assets, or resolve pending matters like tax filings or contracts. Without restoration, you cannot legally operate, hold property, or use the company’s name for any transaction. That’s why applying through the National Company Law Tribunal (NCLT) becomes important.
How can I restore my company name through NCLT?
To restore your company, you need to file a petition with the NCLT under the Companies Act. First, you must gather important documents like the last financial statements, proof of business activity, and reasons for strike-off. After this, a legal application is filed with proper fees and affidavits. Once accepted, NCLT will schedule a hearing and review your case.
If the NCLT is satisfied that the company was active or had valid reasons, it will order the ROC to restore the company’s name. After this order, your company becomes active again, and you must catch up on all pending filings and compliance work. It may sound complex, but expert support can make the process much easier and stress-free.
