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of <h1>Jammu & Kashmir Companies Can File Late Documents with Reduced Fees Under 2012 Settlement Scheme, Avoid Prosecution.</h1> The Company Law Settlement Scheme (Jammu & Kashmir) 2012 addresses the issue of companies failing to file statutory documents like Balance Sheets and Annual Returns on time, particularly in Jammu & Kashmir. The scheme, effective from August 15 to December 14, 2012, allows defaulting companies to file overdue documents with a reduced additional fee of 25% and gain immunity from prosecution. It applies to companies registered in Jammu & Kashmir and foreign companies with liaison offices there. The scheme excludes certain documents and companies facing specific legal actions. Post-scheme, non-compliant companies may face actions under the Companies Act, 1956.
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