Indemnity bond requirement: directors must indemnify against future claims when applying for company strike off. Directors seeking strike off under the Easy Exit Scheme must submit an Indemnity Bond declaring the company defunct or inoperative, supported by an affidavit of assets and liabilities, and undertaking to pay or indemnify against any lawful claims or losses arising after the name is struck off, including liabilities not known at that time; the bond must be signed and witnessed by each director for filing with the Registrar of Companies.
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.
Indemnity bond requirement: directors must indemnify against future claims when applying for company strike off.
Directors seeking strike off under the Easy Exit Scheme must submit an Indemnity Bond declaring the company defunct or inoperative, supported by an affidavit of assets and liabilities, and undertaking to pay or indemnify against any lawful claims or losses arising after the name is struck off, including liabilities not known at that time; the bond must be signed and witnessed by each director for filing with the Registrar of Companies.
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