Para 1 - Short title and commencement. - Easy Exit Scheme, 2011

Easy Exit Scheme, 2011 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. 2. In order to give an opportunity to the defunct companies, for getting their names strike off from the Register of Companies, the Ministry had launched a Scheme namely, Easy Exit Scheme, 2010 under Section 560 of the Companies Act, 1956 during May-Aug, 2010. A large number of companies availed this scheme. However, on huge demands from corporate sector, the Ministry has decided to re-launch the Scheme as, Easy Exit Scheme, 2011 under Section 560 of the Companies Act, 1956. The details of the Scheme are as under:- Short title and commencement. 01 (i) The Scheme shall come into force on the 1st January, 2011 and shall remain in force up to 31st January, 2011.