Clarification regarding Easy Exit Scheme (EES)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....garding Easy Exit Scheme (EES) Ministry has received certain proposals for simplification in the procedures of Easy Exit Scheme (EES), 2011. The proposals have been examined in the Ministry and the revised simplified procedures for dealing with applications under Easy Exit Scheme (EES), 2011 are enclosed herewith. REIVSED PROCEDURE FOR EASY EXIT SCHEME/STRIKE OFF under section 560 OF THE COMPANI....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... with Companies having assets and liabilities is not specifically discussed in the scheme. Ministry cannot advise directors and share-holders for waiver of their liabilities and distribution of assets, to the shareholder other than the process provided in the Act. It is for the management of the company to take action, as permissible under law of the land. 3. Directors should be as per database....