Company name struck off by the registrar of companies

Maloji rao ghodkar (Querist) 18 May 2026 This query is : Resolved
The Registrar of Companies struck off the name of the company for failure of the Directors of the company in filing annual returns with the RoC. Whether the assets of the company both movable and immovable continue to vest with the company, what is the fate of them.

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If the Registrar of Companies strikes off your company's name due to missed filings, it ceases to exist as a legal entity. Consequently, all company assets, whether movable or immovable, do not remain with the company. Instead, they legally vest in the Central Government under the principle of escheat or bona vacantia, meaning property without an owner.

kavksatyanarayana (Expert) 20 May 2026
When the Registrar of Companies (RoC) strikes off a company's name and dissolves it, the company ceases to exist as a legal entity; all of its properties, both movable and immovable are legally frozen and vest in the State/Central Government.

T. Kalaiselvan, Advocate (Expert) 20 May 2026
When the Registrar of Companies (RoC) strikes off a company’s name from the register under Section 248 of the Companies Act, 2013, the assets do not continue to vest with the company. Because a strike-off automatically triggers the dissolution of the company, the company legally ceases to exist. A non-existent legal entity cannot own, hold, or transfer property. Under Article 296 of the Constitution of India, such ownerless assets vest in the Central Government by way of escheat or bona vacantia (meaning "property that has no owner")
The government does not usually march in and physically seize the property immediately. However, legal title automatically transfers to the Central Government.

P. Venu (Expert) 20 May 2026
The query is short of material facts.

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