Strikeoff of Companies – urbanCFO.com : urbanCFO Private Limited

Revival of Strikeoff Companies and Removal of Disqualification of Directors

DISQUALIFIED DIRECTORS OR STRIKE OFF COMPANIES LEGAL POSITION Disqualified Directors cease to be Director in any of the companies during the period of disqualification which is primarily of 5 years. Disqualified Directors cannot file any document or application with MCA Strike-off Companies cease to exist and do any business Certificate of Incorporation issued to the Strike-off companies shall be deemed to have been cancelled from the date of strike off of name from MCA register except for the purpose of [...]

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Impact Of Removal Of Company Name From Register And Director Disqualification

As MCA has struck off the approx 209,000 Companies from its record because of “Non Filing of its financial statement for 3 years or more” as per provisions of Section 164(2) and issued the list of approx 100,000 Director who has been disqualified under 164(2). Both the lists are available on the website of the MCA. As per Section 164(2) if a company fails to file its Financial Statement or Annual Return for continuous 3 financial years, in such case [...]