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ROC-Default in Annual filing


10 June 2010 What is the best route for escaping penal provisions of Company Laws for a defunct Pvt Ltd Coy for not filing any ROC return since e-filing became compulsary ?
The Coy has no cash flow for over a decade even for ROC copliances !
Auth. Capital / Equity was 50L and the carried forward losses are more than twice the paid-up Equity!

10 June 2010 Check out the latest scheme by ROC on Exit for defunct companies and Companies who made default in filling documents with ROC.

The detailed scheme can be downlaoded from the files section. Also a brief of the two schemes can be checked from the following article by one our friends on CCI.

https://www.caclubindia.com/articles/bumper-offer-from-mca-for-defaulting-companies-5778.asp

10 June 2010 Ministry of Corporate Affairs Introduces Company Law Settlement Scheme 2010 for Defaulting Companies.

Check this link:

https://www.caclubindia.com/news/ministry-of-corporate-affairs-introduces-company-law-settlement-scheme-2010-for-defaulting-companies-6353.asp


10 June 2010 Which of the two schemes (EES or CLSS) be advisable for such defunct Pvt Ltd Coy.?

10 June 2010 EES or CLSS - which to prefer ?

10 June 2010 In case, you want to close the company and strike off its name from the registar of companies, then go for Easy Exit Scheme.

Else, if you want to continue the work in the company, then file all the documents under CLSS scheme for making it regularize and then continue with the company in future.

26 December 2010 After opting for EXIT scheme, can the accumulated losses be availed of by M&A ?



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