Striking off procedure under Easy Exit Scheme permits removal after electronic notice, portal posting, regulator notification, and objection periods. The Registrar must examine the application, send an e mail notice to the company allowing thirty days to show cause, publish applicant names and ... Summary
Striking off procedure under Easy Exit Scheme permits removal after electronic notice, portal posting, regulator notification, and objection periods.
The Registrar must examine the application, send an e mail notice to the company allowing thirty days to show cause, publish applicant names and application dates on the ministry portal for thirty days for stakeholder objections, and notify other regulators and the tax authority with thirty days for objections; after these periods and on being satisfied the matter is in order, the Registrar shall strike the company's name from the Register and issue a notice for publication in the Official Gazette, with dissolution effective from the Gazette publication date.
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