Para 1 - Short title and commencement. - Easy Exit Scheme, 2010

Easy Exit Scheme, 2010 General Circular No. 2/2010, dated 26-5-2010 issued by Ministry of Corporate Affairs It has been observed that certain companies have been registered under the Companies Act, 1956, but due to various 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. These companies may be defunct and are desirous of getting their names strike off from the Register of Companies. Short title and commencement. 01. In order to give an opportunity to the defunct companies, for getting their names strike off from the Register of Companies, the Ministry has decided to introduce a Scheme namely, Easy Exit Scheme, 2010 under section 560 of the Companies Act, 1956. 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.