Simplification of Procedure for Removal of Name of Defunct Companies (Simplified Exit Scheme) - Corrigendum to General Circular No: 13/2003 dated 25.3.2003 - Companies Law - 15/2003

General Circular No: 15/2003 F.No. 17/78/2001-C.L.V Government of India Ministry of Finance and Company Affairs Department of Company Affairs ********** Shastri Bhavan, New Delhi. Dated the 9th April, 2003 To All Regional Directors, All Registrar of Companies Sub: Simplification of Procedure for Removal of Name of Defunct Companies (Simplified Exit Scheme) - Corrigendum to General Circular No: 13/2003 dated 25.3.2003 ***************** The undersigned is directed to General Circular No: 13/2003dated 25.3.2003 on the above mentioned matter regarding Simplified Exit Scheme. The following changes are made in such circular:- (a) Annexure C to the Circular may be replaced with enclosed Annexure C. Yours faithfully, Encl: As above (E. Selvaraj) Joint Director (T) (Ph: 23383452) ANNEXURE-C INDEMNITY BOND 1. We Shri _______________, S/o Shri ________________, residing at ___________,Shri _______________, S/o Shri __________________, and Shri________________S/o Shri__________________________residing at ____________________, do hereby jointly and severally declare that: (a) We are the Directors of _______________________Private/ Limited, a Company incorporated on ___________ under the Companies Act, 1956 whose Registered Office is situated at _____________________________. (b) That we have made an affidavit dated _____ the ______, _______ duly sworn before Magistrate/Executive Magistrate affirming that the Company ______________ __________________________Private/Limited, has no assets and liabilities. (c) Further the Company is not doing / carrying on any business right from the date of its incorporation and the Company is also not intending to do any business or commercial activity as laid down in the main objects of its Memorandum of Association in future. (d) Thus the Company is defunct and is requesting the Registrar of Companies, _______________ to strike off the name of the Company from the Register of Companies in terms of Section 560 of the Companies Act, 1956. 2. In view of the above, we do hereby undertake in writing: (a) to pay and settle all lawful claims arising out of the striking off the name of the Company. (b) to indemnify any person for any such losses that may arise pursuant to striking off the name of the Company. (c) to settle all lawful claims and liabilities which have not come to our notice at this stage, even after the name of the Company has been struck off in terms of Section 560 of the Companies Act, 1956. Place: Signature: 1._______________ 2._______________ Date: 3._______________ WITNESSES: 1. Signature Name: Father's name: Address: Occupation: 2. Signature Name: Father's name: Address: Occupation: ACCEPTED Registrar of Companies