Out come of high court proceedings in disqualification of directors and participation of those in CODS 2018*
After lengthy arguments court allowed petitioners before court who are not seeking revival of their company, to participate in CODS 2018 and file requisite docs with ROC in physical form by 31.3.2018.
Further fee of Rs. 30000+other charges shall be submitted with registry of high court by 7.4.2018. Further din of petitioners shall be activated till next date of hearing.
Further benefit of cods to such companies/petitioners shall be subjected to outcome of the writ which are now listed for final argument on 24.7.2018.
To cut short following are the directions:
A. DIN of petitioners are activated till next date of hearing i.e. 24.7.2018;
B. All the pending documents/returns need to filed with ROC by 31.3.2018 in physical form;
C. Requisite fee under CODS i.e. INR 30,000 + other charges to be submitted with Registry of High Court by 7.4.2018 in the form FDR valid for 6 months along with calculation sheet