Easy Exit Scheme clarifications: State undertaking and indemnity bond alternatives enable State PSUs to avail administrative strike off. Clarification permits a State Government undertaking to the Registrar of Companies that it will not pursue claims against the Registrar if the Registrar strikes off a Government company with outstanding State liabilities; allows an Indemnity Bond from the Deputy Secretary of the Industries Department to satisfy bond requirements for wholly government owned companies lacking a board; directs ROCs to follow the Scheme application procedure and to send lists of companies availing the Scheme to the Chief Secretary so State departments can raise objections within the Scheme's objection period.
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Provisions expressly mentioned in the judgment/order text.
Easy Exit Scheme clarifications: State undertaking and indemnity bond alternatives enable State PSUs to avail administrative strike off.
Clarification permits a State Government undertaking to the Registrar of Companies that it will not pursue claims against the Registrar if the Registrar strikes off a Government company with outstanding State liabilities; allows an Indemnity Bond from the Deputy Secretary of the Industries Department to satisfy bond requirements for wholly government owned companies lacking a board; directs ROCs to follow the Scheme application procedure and to send lists of companies availing the Scheme to the Chief Secretary so State departments can raise objections within the Scheme's objection period.
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