Company Law Settlement Scheme lets defaulting companies regularise filings with reduced additional fees and obtain immunity certificates. The Company Law Settlement Scheme, 2014 permits defaulting companies with documents due up to 30 June 2014 to file belated annual returns and financial statements between 15 August and 15 October 2014, pay statutory fees plus an additional fee equal to 25% of the actual additional fee, withdraw related appeals, and apply for an immunity certificate from prosecution; inactive companies may apply for dormant status or striking off at 25% of the relevant fees, while specified forms and companies already facing striking off or vanishing company processes are excluded.
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Provisions expressly mentioned in the judgment/order text.
Company Law Settlement Scheme lets defaulting companies regularise filings with reduced additional fees and obtain immunity certificates.
The Company Law Settlement Scheme, 2014 permits defaulting companies with documents due up to 30 June 2014 to file belated annual returns and financial statements between 15 August and 15 October 2014, pay statutory fees plus an additional fee equal to 25% of the actual additional fee, withdraw related appeals, and apply for an immunity certificate from prosecution; inactive companies may apply for dormant status or striking off at 25% of the relevant fees, while specified forms and companies already facing striking off or vanishing company processes are excluded.
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