https://www.taxtmi.com/news?id=2234 Defunct companies are those failing to file Annual Returns and Balance Sheets for three consecutive years. A number of companies were closed under the Easy Exit Scheme, 2010, which imposed no fee. The Ministry announced further closure mechanisms-Easy Exit Scheme, 2011 and Guidelines for Fast Track Exit Mode-to provide expedited, less burdensome routes for company closure and administrative removal from the register. en-us Thu, 08 Sep 2011 18:02:45 +0530 Thu, 08 Sep 2011 18:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2234 Defunct companies are those failing to file Annual Returns and Balance Sheets for three consecutive years. A number of companies were closed under the Easy Exit Scheme, 2010, which imposed no fee. The Ministry announced further closure mechanisms-Easy Exit Scheme, 2011 and Guidelines for Fast Track Exit Mode-to provide expedited, less burdensome routes for company closure and administrative removal from the register. News - Thu, 08 Sep 2011 18:02:45 +0530 https://www.taxtmi.com/news?id=2234