Some include the Spanish and the Italian more specifically , which are long gone and out of business. The ever-cool Marauder was essentially an up-market Crown Victoria with a Mustang Cobra engine in the 1990s. After being an almost unstoppable force during the 80s and 90s many of their flagship franchises have lost steam in the current era. They expanded into a few other states as well, but hard times befell the chain, and the last remaining Cunningham's—all located in Florida—were shuttered in 1991. Firstly when, a company has failed to commence its business within one year of its incorporation.
Secondly when, the subscribers to the memorandum have not paid the subscription which they had undertaken to pay within a period of one hundred and eighty days from the date of incorporation of a company and a declaration under sub-sectio n 1 of section 11 to this effect has not been filed within one hundred and eighty days of its incorporation. Mervyn's ill-fated expansion out of West Coast markets in the months before a recession sent the company into bankruptcy in 2008. A person could attract another musician to do the same, and would earn commissions from their fees and sales. Registrar of Joint Stock Companies: The creditor of a defunct company filed a petition for restoration of its name. You can post them below. When a company files for , this is another avenue that typically leads to a defunct company.
It was a classic case of fraud. Rexall was the victim of a hostile takeover in 1985 and the company slid into an immediate and severe decline. Because of adverse medical effects and the banning of ephedrine sales in many U. To cancel this registration, the business owner submits a form to the state agency or local county clerk's office that registered the name. Where a company has commenced operation, it must settle all outstanding tax and obtain a tax clearance prior to the filing of the application for striking off.
In the case of Sitaram Singh Construction P. Well, sounds like a short-lived story, and in actuality, it was. Happy Harry's Discount Drugs When Harry Levin opened his first store in Wilmington, Delaware, in 1962 it was called Discount Center. The company shall declare pending litigations, if any, involving the company while applying under this Scheme. On receipt of the order the Registrar shall cause the name of the company to be restored in the register of companies and shall issue a fresh certificate of incorporation. Locate the company information to verify your employment history.
Currencies can become defunct for many reasons. Retrieved June 19, 2010 — via. In the end, a company can become defunct by choice or by force from a third party. This plane made history when Pan Am inaugurated the first trans-Atlantic jet service between New York and Paris in October 1958. Packard For decades, Packard was one of the cars to own if you wanted the very best in American luxury. Attempt to access a defined contribution 401 k plan from a defunct company. Bright, colorful and downright funny it was a massive hit and pretenders to the title continue to this day.
The capacity of the company ceases on becoming defunct. Among General Foods' many product offerings were Sanka decaffeinated coffee and Tang. This does not just mean network marketing, it can mean everything. A defunct company is a company that is no longer active or operating. The corporation was headed by Herman Kleinmetz. Sites such as may have contact information on the company, as well as your former managers and coworkers. You can run into trademark snags if another company is already using the name but hasn't gotten around to registering it.
Early on in their run they combined with Bally to also produce pinball machines, including the best selling machine of all time: The Addams Family. Requirements for an application pursuant to Section 308 1 In proceeding with the exercise and in forming his opinion based on para 2. Then the telecom industry started a prolonged downturn. That may sound harsh, but reality can sometimes be harsh. The procedures for filing vary according to the court's jurisdiction. Other stores are in Illinois, Ohio, Michigan and Kentucky.
Any time you want to launch or resurrect a business, you have a couple legal issues to consider when choosing a name. The same year they made their mark on the point and click adventure genre with the release of Cruise for a Corpse. You may meet former colleagues or friends of theirs who can help you contact them. In 1993 the company was acquired by Sony, who were happy to let Psychnosis continue to do their thing. Related: Related: Entrepreneur Media, Inc.
The duty lies on the holding company to take necessary steps to wind up its subsidiary company. The right procedure for any return of capital to the shareholders should be through the process of winding up or capital reduction exercise or any scheme of arrangement or reconstruction exercise. Yes, they sold a product or service, but their main priority was attaining distributors, and that is how they made the majority of their profits. I am glad you did not get trapped with any of these companies. Each state has its own procedures for determining if a name can be considered abandoned, and whether a different company can use it.