With the advent of new Companies Act, 2013, corporate governance is the key and professional approach is the essence of all
business operations. Under the Companies Act, 2013, even the private companies are expected to be compliance
oriented in lot many ways, with the comprehensive reporting systems in annual filings, shedding away the old practices where compliances
were taken for granted.
Removal of name under Sections 248-252 is a privilege to the corporates to close their entities legally
without any hassles where they incorporated the company but due to any reason could not commence operations or after the
commencement of operations, they are not in operations for two (2) immediately preceding financial years and they have
not availed the facility of filing application for getting status of a Dormant company under section 455 of CA, 2013.
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