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TMI BlogEasy Exit Scheme, 2010X X X X Extracts X X X X X X X X Extracts X X X X ..... ct 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 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. (ii) Definitions - In this Scheme, unless the context otherwise requires, - (a) company means a company registered under the Companies Act, 1956; (b) Collective Investment Management Company means the company as defined in cl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rative Ministry or Department or State Government along with the application under this Scheme; (c) The purpose of the Scheme is to allow eligible companies to avail of this opportunity to exit from the Register of Companies after fulfilling the requirements laid down herewith and the decision of the Registrar of Companies in respect of striking off the name of company shall be final. (iv) Scheme not applicable to certain companies: - The Scheme does not cover the following companies namely:- (a) listed companies; (b) companies registered under section 25 of the Companies Act, 1956; (c) vanishing companies; (d) companies where inspection or investigation is ordered and being carried out or yet to b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 010, is not being digitally signed by any of the director or Manager or Secretary, a physical copy of the Form duly filled in, shall be signed manually by a director authorised by the Board of Directors of the company and shall be attached with the application Form at the time of its filing electronically; (d) In all cases, the Form EES, 2010, shall be certified by a Chartered Accountant in whole time practice or Company Secretary in whole time practice or Cost Accountant in whole time practice; (e) The company shall disclose pending litigations if any, involving the company while applying under this Scheme; (f) The Form shall be accompanied by an affidavit annexed at Annexure- A of Form EES, 2010, which should b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s e-mail address intimated in the Form, giving thirty days time, stating that unless cause is shown to the contrary, its name be struck off from the Register and the company will be dissolved; (b) The Registrar of companies shall put the name of applicant(s) and date of making the application(s) under Easy Exit Scheme, 2010, on daily basis, on the MCA portal www.mca.gov.in, giving thirty days time for raising objection, if any, by the stakeholders to the concerned Registrar; (c) In case of company(s) like Non-Banking Financial Company(s), Collective Investment Management Company(s) which are regulated by other Regulator(s) namely RBI, SEBI, the Registrar of Companies, at the end of every week, after the Scheme commences, sha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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