Simplified Exit Scheme application requirements: Board resolution, two director signatures, quorum restoration and foreign applicant compliance. The Simplified Exit Scheme permits companies to apply to the Registrar in the prescribed Annexure A form to have their names struck off, requiring a Board resolution (if a valid Board exists) and signatures of two directors including the Managing or Whole Time Director if applicable; where directors fall below quorum, continuing director(s) may act to restore quorum under the company's articles or applicable regulations; foreign nationals and non-resident applicants must follow the specified corporate law procedural requirements.
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.
Simplified Exit Scheme application requirements: Board resolution, two director signatures, quorum restoration and foreign applicant compliance.
The Simplified Exit Scheme permits companies to apply to the Registrar in the prescribed Annexure A form to have their names struck off, requiring a Board resolution (if a valid Board exists) and signatures of two directors including the Managing or Whole Time Director if applicable; where directors fall below quorum, continuing director(s) may act to restore quorum under the company's articles or applicable regulations; foreign nationals and non-resident applicants must follow the specified corporate law procedural requirements.
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