Co. receiving regular interest on FDRs was operational; Co.'s name was to be restored in register of companies

COMPANY LAW: Where company had a fixed deposit receipts (FDRs) with bank and was regularly receiving interest on said FDR from bank and TDS was being deducted by bank on payment of interest and same was being deposited with Income Tax Authorities, it could not be said that company was non-operational and therefore, would be just that name of company be restored in Register of Companies

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