Section 560

After due notices the name of the Company shall be removed from the register of Companies.

Dear Ankur and all other friends

You are right that after due notices, name of the company shall be removed from the register.

I am repeating the fact of the case here - A pvt. ltd. company has got a final notice u/s 560 that in three months' time, name of the company shall be struck off from the register. No reply was given to the initial notices sent by the department.

But what I want to know is that what shall be the consequences of striking off ?

Q 1. The company has not filed its returns for FY 10-11 and FY 11-12. Will it be required to file these returns now before or after striking off ?

Q 2. Will this striking off affect the directors of the company in any way ? Such as can they assume      directorship in other companies or can they form new company ?

Q3. Is there any monetary cost or loss involved in this process ?

I shall be very thankful on getting your answers.

No there would not be any negatinve affect on the directos, they can very much form a new comany and become a director in other companies as well.

However, until their company does not get strike off, they must be in a defaulter list for not filing of balance sheet and annual return.