Section 378ZP of CA 2013 : Section 378Zp: Strike Off Name Of Producer Company

CA 2013

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Explanation using Example

Example of Section 378ZP of The Companies Act, 2013 in Use:

Imagine a Producer Company called "GreenFarm Producers Ltd." was registered with the objective of marketing agricultural produce from its member farmers. However, after its registration, GreenFarm Producers Ltd. failed to commence any business activities within the first year. The Registrar of Companies (RoC) notices this inactivity during a routine check and initiates an inquiry.

After the inquiry, the RoC concludes that GreenFarm Producers Ltd. has indeed not started any business operations nor has it e...

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