Regulation 146 — Examination of Application

(1) The registrar shall, while examining the
application received under regulation 1 45, ensure that all the requirements of these regulations,
in respect of filing the application, have been complied with.

(2) The registrar, while considering the application may require the applicant to furnish
such further information or clarification as it may deem appropriate, and communicate the
deficiencies, if any, contained in the application, to the applicant.
(3) The ap plicant shall remove the deficiencies referred to in sub -regulation (2), within
thirty days from the date of communication of the same, or such an extended time as the registrar may
allow:
Provided that if the applicant fails to remove the deficiencies within the specified time,
the application shall be deemed to have been declined and the applicant may be informed accordingly.
(4) After examination of the application, the registrar on being satisfied, may publish a
notice under sub-section (2) of section 426 of the Act, in the Official Gazette stating that at the
expiration of ninety days from the date of that notice, unless cause is shown to the contrary, the name
of the applicant company will be struck off the register of companies and the company will b e
dissolved and such notice shall also be placed on the website of the Commission for information of
the general public.
(5) Where any objection or reservation is received, the registrar shall examine the same
in detail to decide the application and inform the applicant, accordingly.
(6) Where no objection or reservation is received, and the registrar is satisfied that the
applicant company has no known assets and liabilities, and is not carrying on any business, on the
expiration of ninety days, the regist rar shall strike off the name of the applicant company from
the register and send notice for publication in the Official Gazette in terms of sub -section (3) of
the section 426 of Act and on publication thereof the applicant company shall be dissolved.
CHAPTER XIII
MISCELLANEOUS