I own a closely held company, with my wife as a second director. My wife passed away in 2008. We have filed regular income tax returns but slipped in filing ROC retruns for 3 years, We are based in Mumbai but the regd office for this company is in Kolkatta. The notices were sent there, and the ROC struck off the name. The ROC when approached also sent a letter saying that by filing penalty and the relevant documents they can restore the company.
The company owns office property and gets rental income every month.
Post this we filed a case for restoration. However the Magistrate of a single bench court was of the opinion that there are no transactions hapenning so there was no reason to restore the company.
What are the chances of getting a positive judgement from another court ?
