Easy Exit Scheme: streamlined acceptance of strike off applications where compounding for non filing is pending, subject to disposal. Applications for strike off under the Easy Exit Scheme from companies that are defunct and face prosecutions only for non filing of annual returns and balance sheets may be accepted if a compounding application has been filed or an undertaking to file one is furnished; final name removal is to occur only after disposal of the compounding application. Certificates from practising Chartered Accountants, Cost Accountants or Company Secretaries certifying present directors may be accepted to address signatory database mismatches, and indemnity bonds and affidavits of foreign nationals/NRIs must be notarised per their country's law.
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.
Easy Exit Scheme: streamlined acceptance of strike off applications where compounding for non filing is pending, subject to disposal.
Applications for strike off under the Easy Exit Scheme from companies that are defunct and face prosecutions only for non filing of annual returns and balance sheets may be accepted if a compounding application has been filed or an undertaking to file one is furnished; final name removal is to occur only after disposal of the compounding application. Certificates from practising Chartered Accountants, Cost Accountants or Company Secretaries certifying present directors may be accepted to address signatory database mismatches, and indemnity bonds and affidavits of foreign nationals/NRIs must be notarised per their country's law.
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