Section 248
Power of Registrar to remove name of company from register of companies.—(1) Where the Registrar has reasonable cause to believe that—
248. Power of Registrar to remove name of company from register of companies.—(1) Where the Registrar has reasonable cause to believe that—
(a) a company has failed to commence its business within one year of its incorporation; 4 [or] 5* * * * *
(c) a company is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company under 6 [section 455; or]