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of <h1>Company Law Settlement Scheme 2003 offers immunity and compounding for filing delays under Companies Act 1956, Sections 637B and 637.</h1> The Company Law Settlement (Jammu and Kashmir) Scheme, 2003, initiated by the Central Government, provides immunity from prosecution and allows for the compounding of delays in filing specific documents under the Companies Act, 1956, for companies in Jammu and Kashmir. This scheme is enacted under the authority of section 637B and section 637 of the Companies Act, 1956. It is officially titled the Company Law Settlement (Jammu and Kashmir) Scheme, 2003, and became effective on October 1, 2003.
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