which is beneficial scheme in MCA21 ??

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Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2010 hey experts.. an IT company owner has created three other companies in 1995. then he went Canada and settled there. no ROC filings since 2000. how much penalty will be there for each company? is it better to avail easy exit scheme or go for paying penalty through company law settlement scheme?? please reply soon..

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 August 2010 Cost wise EES,2010 is beneficial. But cut off date is 31/08/2010.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2010 thank u sir. but sir i want to know wat is the approximate penalty??

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Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 August 2010 For fees u can calculate for normal filing from here
http://mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15

till 31.08.2010 only 25% of additional fees to be paid.

if filing EES no fees payable for filing.

Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2010 thanks.. do u think it is better to go for EES ? as since 2000 , no ROC filings ..

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 August 2010 Please check your eligibility from this link
http://www.taxguru.in/company-law/mca-introduces-easy-exit-scheme-2010-under-section-560-of-the-companies-act-1956.html

if u are eligible then apply for EES.

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