Settlement scheme immunity contingent on declaration, payment of compounding fee and withdrawal of pending appeals and petitions. Declaration under the Company Law Settlement (Jammu & Kashmir) Scheme, 2003 requires company particulars, identification of non-compliance including nature of return, section, delay period and compounding fee, payment details, and a request for immunity. The declarant must admit the offence, withdraw pending appeals or petitions related to the defaults, verify the declaration, and provide enclosures. On filing the declaration, documents and full payment, the designated authority issues a certificate certifying payment and grants immunity from prosecution and penalty for matters covered by the declaration, subject to the Scheme's conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Settlement scheme immunity contingent on declaration, payment of compounding fee and withdrawal of pending appeals and petitions.
Declaration under the Company Law Settlement (Jammu & Kashmir) Scheme, 2003 requires company particulars, identification of non-compliance including nature of return, section, delay period and compounding fee, payment details, and a request for immunity. The declarant must admit the offence, withdraw pending appeals or petitions related to the defaults, verify the declaration, and provide enclosures. On filing the declaration, documents and full payment, the designated authority issues a certificate certifying payment and grants immunity from prosecution and penalty for matters covered by the declaration, subject to the Scheme's conditions.
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