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<h1>Fast Track Scheme: simplified striking-off process with affidavits, notarisation option and indemnity bond substitution for clearances.</h1> The circular permits directors of companies that have been inactive since incorporation or for a long period to use sworn affidavits (sworn before a Magistrate or a Notary Public with seal) and a prescribed indemnity bond in place of tax and excise clearance certificates when applying under the Fast Track Scheme for striking off the company's name under section 560; model affidavit and indemnity bond forms set out directors' declarations, asset/liability disclosures, undertakings to indemnify third parties and signature/witness requirements, and the Scheme's period is extended by one month.
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