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Fast Track Scheme under section 560 of the Companies Act - Waiving of the requirement for obtaining certificate from various authorities

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..... dure prescribed in this Scheme. 2.1 First one relates to getting the two affidavits prescribed by the Department signed on a stamp paper by a Judicial Magistrate. It has been represented before the Department that going before the Magistrate is not easy for various reasons. The Department has, therefore, considered this matter in detail and a decision has been taken that the affidavit could be signed by Magistrate or by Notary Public with Seal. 2.2 Secondly, there were, inter alia, the following conditions (mentioned in clause ( e ) and ( f ) of General Circular10/2000, dated 20-9-2000) to be fulfilled by a company which wishes to avail of this Scheme for striking off its name : n A certificate from the auditor that the com .....

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..... residing at.................. . do solemnly affirm as under : 1. We are the only directors of.....................Limited. 2. The Company was incorporated on........................with an object to carry on.......................... . 3. The Company has been inoperative right from the date of its incorporation/the past............................years due to diverse reasons. 4. The Company has assets worth Rs. .................. in the form of cash balance/or no assets* ( strike out the one not applicable) and has liabilities to the extent of Rs............................but the creditors have waived the payment of their dues, and the waiver letters have been enclosed/no liabilities.* (*strike out the one .....

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..... .............., S/o. Shri............................., residing at ..............................and Shri..........................., S/o. Shri....................., residing at........................................, do hereby jointly and severally declare that: ( a ) We are the only Directors of.............................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 notary public affirming that the Company ....................................Limited, has assets worth Rs. ..................... in the .....

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