Monday, May 31, 2010

How to close a defunct company from Registrar of companies amnesty scheme

Many enterpreneurs have created private limited companies and now are not using it or the company is in dormant or defunct state and they want to close it. But to close they have to get NOC from various departments and its big task in itself. so the govt have come up with an amnesty scheme with effect 30/5/2010.
The details is given on the site of as follows:

The Ministry has introduced the following two Schemes with effect from 30-5-2010:

“Company Law Settlement Scheme, 2010” giving opportunity to the defaulting Companies to enable them to make their default good by filing belated documents and to become a regular compliant in future.

“Easy Exit Scheme, 2010” giving opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956.

For details kindly see General Circular No 1/2010 and 2/2010 available on MCA portal under News & Events and under heading Act, Bills and Rules. Availing the benefit of the Schemes will prevent companies from prosecution and other legal action.
The pdf file of the circular is on following link: