M3 Business Mentors Private Limited vs Roc

This Petition has been filed by M/s. M3 Business Mentors Private Limited under Section 252 of the Companies Act, 2013 (hereinafter as "Act") praying for restoration of the Company's name in the Register maintained by the Registrar of Companies, Mumbai (hereinafter as RoC). In this hearing the Petitioner was represented by Mr. Pravin Ramdas Pathade, Advocate, whereas from the RoC side Ms. Yogini D. Chauhan, Dy. RoC appeared before this Bench. The RoC has no objections in this matter.

The Learned Representative for the Petitioner submits that the Company was incorporated on 26.02.2015. The Company could not file the financial statements for the F.Y. 2015-16, 2016-17, 2017-18 and 2018-19, i.e. for 4 years with the RoC due to inadvertence.

This Bench heard the concerned Parties. Upon considering the facts and circumstances of this present Petition, this Bench is of the view that, it would be just and proper to order restoration of the name of the Petitioner Company in the Register of Companies maintained by the RoC.

Accordingly, this Petition is "Allowed" and the restoration of the Petitioner Company's name i.e. M/s. M3 Business Mentors Private Limited in the Register of Companies maintained by the RoC, is hereby ordered, with a direction that the Company shall comply with the Provisions of the Act. Further, this Order will be subject to payment of costs of Rs. 40,000/- (Rupees Forty Thousand Only) to be paid online through Bharatkosh in favour of "Pay and Accounts Officer, Ministry of Corporate Affairs, Mumbai", within 7 days from the receipt of the duly certified copy of this Order, to this office. Consequentially thereupon the Bank Account/s if freezed shall get defreezed which can be operated by the Petitioner Company.

This Petition is disposed of on the terms directed above. The RoC shall give effect to this Order only after perusal of the Compliance report of cost imposed. The Company i.e. M/s. M3 Business Mentors Private Limited is directed to file all the required documents and shall fulfil other relevant statutory compliances within 30 days from Restoration of its name in the Register of Companies maintained by RoC.