Restoration & Compliance Matters
Restoration and compliance matters involve addressing regulatory non-compliances and restoring the legal status of companies that may have been struck off or have failed to meet statutory requirements. Under the Companies Act, 2013, companies are required to regularly file statutory returns, maintain proper records, and comply with regulatory obligations prescribed by the Registrar of Companies (ROC).
Failure to comply with these requirements may lead to penalties, disqualification of directors, or the company being struck off from the register of companies. In such situations, businesses may need to take corrective legal steps to restore the company’s status and regularize pending compliances.
Our firm assists companies in resolving compliance issues, preparing necessary documentation, and filing applications before the appropriate authorities such as the Registrar of Companies (ROC) and the National Company Law Tribunal (NCLT). Our objective is to help businesses restore their legal standing and ensure smooth ongoing compliance with corporate laws.
Our Services Include
• Restoration of struck-off companies under the Companies Act
• Filing petitions before the National Company Law Tribunal (NCLT) for company revival
• Assistance with pending ROC filings and compliance regularization
• Compounding of offences for non-compliance
• Advisory on corrective compliance procedures
• Rectification of statutory records and company registers
• Filing applications for regulatory approvals
• Assistance in removal of director disqualification, where applicable
• Guidance on maintaining proper corporate compliance going forward
• Preparation and submission of required legal documentation
F.A.Q.
Restoration of a struck-off company is the process of reviving a company that has been removed from the register by the Registrar of Companies due to non-compliance or failure to file statutory returns.
An application for restoration can generally be filed by the company, its directors, members, or other interested parties before the National Company Law Tribunal (NCLT).
Companies may be struck off if they fail to file annual returns, financial statements, or if the Registrar of Companies believes that the company is not carrying on business or operations.
Compounding of offences allows companies to settle certain non-compliance issues by paying a prescribed penalty instead of undergoing prolonged legal proceedings.
Yes, once a company is restored by order of the NCLT, it regains its legal status and can continue its business operations, subject to completion of pending compliances.
Restoration and compliance procedures involve legal filings, documentation, and regulatory approvals. Professional assistance ensures proper handling of the process and timely resolution of compliance issues.
