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TMI BlogCondoning the delay in filing documents with the Registrar......X X X X Extracts X X X X X X X X Extracts X X X X ..... ctions 611(2) and 637B(b) of the Companies Act, 1956 has decided to introduce a Scheme namely, "Company Law Settlement Scheme, 2010," condoning the delay in filing documents with the Registrar, granting immunity from prosecution and charging additional fee of 25 per cent of actual additional fee payable for filing belated documents under the Companies Act, 1956 and the rules made thereunder. The d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fice of the company. (iii) Applicability - Any "defaulting company" is permitted to file belated documents in accordance with the provisions of this Scheme : Provided that any defaulting private company or public company which has not increased its paid capital up to the threshold limit of rupees one lakh and rupees five lakh respectively as provided in sub-sections (3) and (4) of section 3 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tice issued or complaint filed before the competent court for violation of the provisions under the Act in respect of which application is made under this Scheme, the applicant shall before filing an application for issue of immunity certificate, withdraw the appeal and furnish the proof of such withdrawal along with the application; (vi) Application for issue of immunity in respect of document( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ents for incorporation or establishment of place of business in India or where specific order for condonation of delay or prior approval under the provisions of the Companies Act, 1956 is to be obtained from the Company Law Board or the Central Government or Court or any other Competent Authority is required; (b) This Scheme shall not apply to companies against which action under sub-section (5) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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