Easy Exit Scheme, ROC

the registrar of companies in india has re-introduced the easy exit scheme, 2011 for the closure of defunct companies. The roc has identified defunct companies as those which have not been in operation for past few years and have either filed or not filed their regular annual returns and other necessary documents.  

the beneficial part of the scheme is that it only requires an affidavit and and indemnity bond to be furnished by all the directors duly sworn in before the notary, etc. Alongwith a decleration of the current statement of account of the company.

the applicable filling fee is rs. 3,000 per company irrespective of its authorised capital. The last date of filing of form has been extended upto 30th april, 2011 after which the roc shall start its recourse against the defaulters.

also the major benefit of the scheme is that the roc are not levying any penalty for not filing or not updating its records till date to any of its companies.