An application is filed in Form R SC-1 along with a prescribed fee of INR 5000 to NCLT.

If a parent company or holding company is the owner of 100% stocks of its subsidiary, then the subsidiary is known as a Wholly Owned Subsidiary.

What are the reasons for non-approval of the name applications?

Companies who were not satisfied with their name being stuck off by ROC, they can apply for the revival of their name under section 252 of Companies Act, 2013 by: Filling an appeal: A  company can file an appeal to revive the name of their company within three years from the date of struck off order given by ROC Application to the Tribunal: If any member of the company feels aggrieved and wishes to revive the company, they can write an application to the Tribunal to restore the name of the company.

Note: The concept of related parties is applicable for all listed companies.

One should keep in mind all the expenses, financial obligations, insurance premiums, business licensure, and applicable taxes.

The following companies can apply to the National Company Law Tribunal (NCLT) for revival: Companies that have been deregistered by the ROC Shareholders or debentures of a company that has been deregistered by the Registrar of Companies Workers of a company that has been deregistered by the Registrar of Companies.

Eligibility for Fast Track Merger (FTM) The applicability of Fast Track merger is only on the following companies: Small Companies As per the companies act the companies that are classified as small companies can perform fast track merger.

Statement to be furnished to fund rule 5 The company within ninety days of making any amount transferred to the Unpaid Dividend Account, needs to prepare a statement regarding the names, their addresses and the unpaid dividend to be paid to each person and place it on the website of the company, Rule 7 Manner of publication of notice In case of any application (Striking off application) made under sub-section (2) of section 248 of the Act, the company shall also place the application on its website, if any, till the disposal of the application.

If the transferor has made the application alone and paid for the shares as well, then the company acknowledges the transferee before registering the transfer.