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TMI BlogEasy Exit Scheme, 2011X X X X Extracts X X X X X X X X Extracts X X X X ..... 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:- (i) The Scheme shall come into force on the 1st January, 2011 and shall remain in force up to 31st January, 2011. (ii) Definitions - In this Scheme, unless the context otherwis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Companies; (b) Any defunct company which is a Government Company shall submit 'No Objection Certificate' issued by the concerned Administrative 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 that have been de-listed, (c) companies registered under section 25 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g fee of ` 3,000/-; (c) In case, the application in Form EES, 2011, 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, 2011, 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 An ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etails of the directors and also to sign the said documents before filing. (vi) Simplified procedure for Registrar of Companies for removal of name of defunct companies:- (a) The Registrar of Companies, on receipt of the application, shall examine the same and if found in order, shall give a notice to the company under section 560(3) of the Companies Act, 1956 by e-mail on its 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 EES, 2011, on daily basis, on the MCA portal www.mca.gov.in, giv ..... X X X X Extracts X X X X X X X X Extracts X X X X
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