Section 250 of the Companies Act, 2013
Section 250 of the Companies Act, 2013 deals with the effect of a company being struck off from the register of companies by the Registrar.
📘 Section 250 – Effect of Company Notified as Dissolved
✅ Key Provision:
When the Registrar of Companies (RoC) strikes off a company's name from the register under Section 248, and a notice is issued in the Official Gazette, then:
The company shall stand dissolved from the date mentioned in the notice, and it shall cease to operate as a company, except for the purpose of:
Realizing the amount due to the company, and
Discharging the liabilities or obligations of the company.
⚠️ Important Notes:
The company is not allowed to carry on any business operations after it is dissolved.
However, the assets and liabilities still exist and may be settled post-dissolution.
This does not affect the liability of directors, officers, or shareholders for any acts done before the company was struck off.
🔄 Restoration Possible:
A company struck off under Section 248 can apply for restoration under Section 252 within a specified time (usually 3 years) through:
Tribunal (NCLT), or
Registrar in specific cases.
🧾 Example:
If ABC Pvt. Ltd. is struck off under Section 248 for not filing returns for 2 years, and its name is published in the Gazette under Section 250:
The company is considered dissolved,
It cannot do any business,
But it may still recover dues or settle debts incurred before dissolution.
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