Immunity from prosecution under the Company law settlement enables compounding of filing delays through declaration and payment. A Scheme permits immunity from prosecution and compounding of filing delays under the Companies Act through a prescribed declaration and payment; a designated authority examines declarations and issues reasoned written orders granting immunity, the settlement fee is non refundable, withdrawal of appeals is required, specified exclusions apply, and the Registrar must notify the relevant adjudicatory body after an order is passed.