Olympia Gases Private Ltd v. Registrar of Companies

ORDER

18.11.2011 The present petition has been filed under Section 560 of the Companies Act, 1956 for restoration of petitioner-company. Mr. K.S. Pradhan, Deputy Registrar of Companies appearing for respondent states that he has no objection to the name of the petitioner-company being restored provided petitioner-company files no objection from other directors and shareholders as well as all pending statutory returns, i.e., Annual Returns from 30th September, Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. 'I • 2000 to 30th September, 2010 and Balance Sheet as at 31st March, 2000 to 31st March, 2010 as well as Form No.32 for change in directorship and shareholding pattern of the petitioner company along with an undertaking for enhancement of paid up capital by filing return of allotment of shares w.e.f. 13th December, 2000 with filing fee and additional fee as applicable as on the date of actual filing date. Keeping in view the fact that the Annual Returns and Balance Sheets have not been filed by the petitioner-company for a period of nearly ten years, Mr. Manoj Kumar Garg, learned counsel for petitioner company himself states that petitioner company would pay additional costs 1,00,000/- to respondent. Accordingly, upon payment of costs 1,00,000/- within a period of three weeks, the name of the petitioner company shall stand restored and its status would be changed from inactive to active Petitioner-company is granted four weeks' time to file Annual Returns from 30th September, 2000 to 30th September, 2010 and Balance Sheet as at 31st March, 2000 to 31st March, 2010 as well as Form No.32 for change in directorship and shareholding pattern of the petitioner company along with an undertaking for enhancement of paid up capital by filing return of allotment of shares w.e.f. 13th December, 2000 with filing fee and additional fee as applicable as on the date of actual filing date. With the aforesaid observations, present petition stands disposed of. NOVEMBER 18, 2011 JS

* + 0/o IN THE HIGH COURT OF DELHI AT NEW DELHI CO.PET. 293/2011 OLYMPIA GASES PRIVATE LTD ..... Petitioner versus Through: Mr. Manoj Kumar Garg, Advocate with Mr. Amit Ojha and Mr. Animesh K. Sinha, Advocates. REGISTRAR OF COMPANIES ..... Respondent CORAM: Through: Mr. K.S. Pradhan, Deputy Registrar of Companies. HON'BLE MR. JUSTICE MANMOHAN