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Defunct Company

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04 August 2010 A closedly held Public Company ceased its distribution of Pharma company from January,1998 and they had filed Annual Return, Balance Sheet till 31st March, 1997. All four Directors are not in touch with each other (one in Dubai). There are assets or liabilities.

How to file application under EES 2010?
1. Have they ceased to be Directors after 3 years? 2. Can they sign as Directors?
3.How the erstwhile Directors can give Indemnity?

Can anybody suggest the modalities to file application under EES 2010 scheme?

04 August 2010 The existing directors can give the indemnities as required under the EES. However, the roc may require the company to file the old returns (balance sheet and annual report).

It would be advisable to contact the ROC office and take their guidance also.

04 August 2010 visit this link
http://www.taxguru.in/company-law/mca-introduces-easy-exit-scheme-2010-under-section-560-of-the-companies-act-1956.html

or this https://www.caclubindia.com/articles/company-law-settlement-scheme-easy-exit-scheme-2010--6421.asp

for details


04 August 2010 Can anybody suggest the modalities? Open

04 August 2010 Visit the links mentioned.

You need to give indemnity bond, affidavit from all directors, board resolution for filing EES and accounts as aon a date.

04 August 2010 I understand the queriest has raised an additional point. I would still suggest that ROC should be consulted before filing the papers.



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