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What happens to Assets when a Company is Struck Off?

Under the Companies Act, 2013 in India, a struck-off company means a company that has been officially removed from the Registrar of Companies (ROC) records. It happens when the company has not been active or has failed to follow legal rules, like filing annual returns or financial statements.

When a company is struck off the register, it loses its legal existence:-

1. Assets will get frozen
2. Government May Take Custody
3. Restoration can reclaim the Assets.

Read More:- https://surepass.io/blog/what-....is-a-struck-off-comp

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