Immunity from prosecution under company law follows payment and admission of specified non compliance under the settlement scheme. Declaration Form under the Company Law Settlement Scheme, 2000 requires company and declarant particulars, a schedule of non-compliant returns or documents with delay periods and compounding fee particulars, an admission of non-compliance and withdrawal of appeals, and an explicit request for immunity. Upon submission and payment of the compounding fee, a designated authority may issue a certificate confirming receipt of payment and granting immunity from prosecution and penalty under the Companies Act, 1956 for matters covered by the declaration, subject to the Scheme.
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.
Immunity from prosecution under company law follows payment and admission of specified non compliance under the settlement scheme.
Declaration Form under the Company Law Settlement Scheme, 2000 requires company and declarant particulars, a schedule of non-compliant returns or documents with delay periods and compounding fee particulars, an admission of non-compliance and withdrawal of appeals, and an explicit request for immunity. Upon submission and payment of the compounding fee, a designated authority may issue a certificate confirming receipt of payment and granting immunity from prosecution and penalty under the Companies Act, 1956 for matters covered by the declaration, subject to the Scheme.
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