Para 1 - Striking off/removal of the names of the companies - Simplified Exit Scheme, 2005

Simplified Exit Scheme, 2005 Striking off/removal of the names of the companies 01 The matter regarding striking off/removal of the names of the defunct companies from the Register of Companies has been considered by the Ministry of Company Affairs. In the past simplified guidelines had been conveyed to Registrars of Companies (ROCs) through, (i) Circular Nos.9/7/83-CL.III, dated 17-2-1987 and 1/3/91-CL.V; 5/4/91-CL.III, dated 19-2-1991, (ii) The Fast Track section 560 Scheme of year 2000 , and (iii) The Simplified Exit Scheme introduced during 25-3-2003 to 31-3-2004 to operationalise the provisions of section 560 to enable the ROCs to weed out the defunct companies.