TaxTMI 
TaxTMI 
TaxTMI 
Company Law Settlement Scheme, 2010
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....s been observed that a large number of companies are not filing their due documents timely with the Registrar of Companies. Due to this, the records available in the electronic registry are not updated and thereby are not available to the stakeholders for inspection. Further, due to not filing the documents on time, companies are burdened with additional fee and facing the prosecutions also. 2. T....
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....here under. The details of the Scheme are as under:- (i) The scheme shall come into force on the 30th May, 2010 and shall remain in force up to 31st August, 2010. (ii) Definitions - In this Scheme, unless the context otherwise requires, - (a) "Act" means the Companies Act, 1956 (1 of 1956); (b) "company" means a company registered under the Companies Act, 1956 and a foreign company falling u....
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....tion 3 of the Companies Act, 1956, as the case may be, shall first file its documents to increase their paid up capital up to the threshold limit under the scheme and thereafter would be allowed to file other belated documents; (iv) Manner of payment of fees and additional fee on filing belated document for seeking immunity under the Scheme - The defaulting company shall pay statutory filing fees....
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....ment(s) filed under the scheme - The application for seeking immunity in respect of belated documents filed under the Scheme may be made electronically in the Form annexed, after closure of Scheme and after the document(s) are taken on file, or on record or approved by the Registrar of Companies as the case may be, but not after the expiry of six months from the date of closure of the Scheme. Ther....