Immunity from prosecution and compounding for delayed company filings under a central settlement scheme are provided. The Scheme provides a statutory mechanism to grant immunity from prosecution and allow compounding for specified delays in filing documents under the Companies Act, 1956 for companies in Jammu and Kashmir, and is notified by the Central Government under clause (b) of section 637B read with section 637 of the Act with a defined commencement date.
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Provisions expressly mentioned in the judgment/order text.
Immunity from prosecution and compounding for delayed company filings under a central settlement scheme are provided.
The Scheme provides a statutory mechanism to grant immunity from prosecution and allow compounding for specified delays in filing documents under the Companies Act, 1956 for companies in Jammu and Kashmir, and is notified by the Central Government under clause (b) of section 637B read with section 637 of the Act with a defined commencement date.
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