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of <h1>Easy Exit Scheme 2010: Definitions of Company, Defunct, Vanishing Company, and More under Companies Act 1956</h1> The Easy Exit Scheme, 2010, defines key terms relevant to its application under the Companies Act, 1956. A 'Company' refers to any entity registered under this Act. A 'Collective Investment Management Company' is defined per the Securities and Exchange Board of India regulations. A 'Defunct company' is one not conducting business since April 1, 2008, or failing to meet capital requirements. A 'Non-Banking Financial Company' follows the definition in the Reserve Bank of India Act. The 'Scheme' itself is the Easy Exit Scheme, 2010. A 'Vanishing company' is one failing to file returns and maintain its registered office, with untraceable directors.
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