https://www.taxtmi.com/article/detailed?id=864 The 2000 amendment imposed minimum paid-up capital requirements and gave existing companies two years to comply; failure automatically rendered them deemed defunct and struck off by operation of law. Such statutorily struck-off entities are not companies under the amended definitions and therefore need not apply under the Easy Exit Scheme, although they may request the ROC to correct any incorrect active status on the MCA portal. en-us Sat, 10 Jul 2010 00:00:00 +0530 Sat, 10 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=864 The 2000 amendment imposed minimum paid-up capital requirements and gave existing companies two years to comply; failure automatically rendered them deemed defunct and struck off by operation of law. Such statutorily struck-off entities are not companies under the amended definitions and therefore need not apply under the Easy Exit Scheme, although they may request the ROC to correct any incorrect active status on the MCA portal. Articles Corporate Laws / IBC / SEBI Sat, 10 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=864