Striking off defunct companies: liberalised procedure permits affidavit or indemnity plus audited accounts in lieu of historic filings. Authorities may remove defunct companies under Section 560 by accepting an affidavit or indemnity from the Managing/Whole-time Director that the company has no assets, liabilities and is not conducting business, supported by audited accounts; latest available balance sheets may be relied upon instead of requiring historic 'nil' filings, while preserving statutory notice requirements to tax authorities and exercising caution where significant creditor claims or complaints exist.