https://www.taxtmi.com/circulars?id=9908 Only companies with zero assets and zero liabilities qualify for the Simplified Exit Scheme; applications filed up to the scheme's last date will be processed. ROCs will publish applicant lists monthly and the Central Government will bear advertising costs; ROCs must notify IBA and financial institutions simultaneously. Applications require affidavits sworn before a magistrate, director signatures (minimum two), and an indemnity bond making directors personally responsible for subsequently discovered liabilities, subject to ordinary limitation laws. en-us Thu, 17 Apr 2003 00:00:00 +0530 Thu, 09 Jun 2011 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9908 Only companies with zero assets and zero liabilities qualify for the Simplified Exit Scheme; applications filed up to the scheme's last date will be processed. ROCs will publish applicant lists monthly and the Central Government will bear advertising costs; ROCs must notify IBA and financial institutions simultaneously. Applications require affidavits sworn before a magistrate, director signatures (minimum two), and an indemnity bond making directors personally responsible for subsequently discovered liabilities, subject to ordinary limitation laws. Circulars Companies Law Thu, 17 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9908