New Delhi: The Ministry of Corporate Affairs has modified the notice to be issued by the Registrar of Companies (ROC) for winding up of dormant companies by adding a new clause regarding physical examination of their premises, showed an official order.
As of now, the notice in Form STK-1 to be issued by the ROC, for failing to commence operations within one year of joining, not carrying on any business for two years and not applying for dormant status and share paid by the subscriber Circumstances such as not doing were told. Membership amount agreed to be paid at the time of incorporation.
The amended form has added a new clause under section 12 of the Companies Act to give notice of removal of dormant companies from the records which allows the ROC to inspect the premises of the company when it is considered that the company is not carrying on any business. has been
The form gives an option to delete the name of the company which is not carrying on any business or operation as revealed after physical verification carried out under sub-section (9) of section 12, the order of the ministry revealed. Is. Under this provision, the Registrar can inspect the premises of the company at any time.
The government is removing the names of dormant companies from the official register under the cleanliness drive. Companies may be dormant due to various economic reasons and are not necessarily involved in any wrongdoing.
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