Company Law Settlement Scheme grants immunity from prosecution and allows belated filings with a standardised additional fee. A special Company Law Settlement Scheme for Jammu & Kashmir permits defaulting companies to file belated annual returns and balance sheets due up to 30.06.2012 by paying statutory filing fees plus an additional fee of twenty five percent of the standardised additional fee; applicants must withdraw any appeals against prosecution, file for immunity electronically after the Scheme's closure within six months, and receive an immunity certificate from the Registrar, which will result in withdrawal of related prosecutions. The Scheme excludes certain companies and specified filings and contemplates action against non participants after its close.
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Provisions expressly mentioned in the judgment/order text.
Company Law Settlement Scheme grants immunity from prosecution and allows belated filings with a standardised additional fee.
A special Company Law Settlement Scheme for Jammu & Kashmir permits defaulting companies to file belated annual returns and balance sheets due up to 30.06.2012 by paying statutory filing fees plus an additional fee of twenty five percent of the standardised additional fee; applicants must withdraw any appeals against prosecution, file for immunity electronically after the Scheme's closure within six months, and receive an immunity certificate from the Registrar, which will result in withdrawal of related prosecutions. The Scheme excludes certain companies and specified filings and contemplates action against non participants after its close.
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