Corporate Law Update
- Company Law Settlement Scheme,2010
This scheme condoning the delay in filing documents with the Registrar of Companies, which the Companies due to some reasons have not filed timely in due compliance of the Act. Such Companies are now permitted to file the documents under the scheme with the Registrar of Companies granting immunity from the prosecution and charging only 25% of the actual additional fee payable for filing belated documents.
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- Easy Exit Scheme,2010
This scheme giving opportunity to the defunct Companies for getting their names struck off from the Register of Companies. Certain Companies who have been registered under the Companies Act, 1956 but due to some reasons some of them are inoperative since incorporation or commenced business but became inoperative later on and are not filing their due documents timely with the Registrar of Companies and are desirous of getting their name struck off from the Register, have given an opportunity under this Scheme.
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