An Overview of Revival of Struck Off Companies

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Strike off means temporary closure of the company or removal of the name of the company from the register of company by the register following the previsions of the Companies Act, 2013. It is a substitute for winding up of the company, and in this case, the company can get revived for a period of 20 years from the date of strike-off. The appeal or application can be filed by the registrar, any person aggrieved by order of the Registrar or by Company, or by member or creditor or workman. The member, creditor or workman of a company can file a petition for Revival of the Company before the expiry of 20 years of striking off from notification in the official gazette under section 252(1), and others can file a petition under section 252(3) within three years from the publication of notification in the official gazette. The demand draft of Rs. 1000/- should be filed with the petition as fees.