https://www.taxtmi.com/acts?id=14726 The Company Law Settlement Scheme, 2000 allowed defaulting companies or officers to declare to the Registrar of Companies and pay a one time lump sum fee, scaled by number of documents and period of delay, to obtain immunity from prosecution and compounding of late statutory filings; the Scheme's period and fees were extended with an added surcharge, and a separate fast track exit procedure under the Companies Act enabled striking off defunct companies subject to prescribed forms, affidavits, indemnity bonds, and waivers for inapplicable statutory clearance certificates. en-us Mon, 06 Jun 2011 15:03:58 +0530 Mon, 06 Jun 2011 15:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14726 The Company Law Settlement Scheme, 2000 allowed defaulting companies or officers to declare to the Registrar of Companies and pay a one time lump sum fee, scaled by number of documents and period of delay, to obtain immunity from prosecution and compounding of late statutory filings; the Scheme's period and fees were extended with an added surcharge, and a separate fast track exit procedure under the Companies Act enabled striking off defunct companies subject to prescribed forms, affidavits, indemnity bonds, and waivers for inapplicable statutory clearance certificates. Act-Rules Companies Law Mon, 06 Jun 2011 15:03:58 +0530 https://www.taxtmi.com/acts?id=14726