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Easy Exit Scheme-2011

CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114225 Points)

08 December 2010

Ministry has decided to introduce a Scheme namely, "Easy Exit Scheme, 2011" under Section 560 of the Companies Act, 1956 to give an opportunity to the defunct companies, for getting their names struck off from the Register of Companies.
The scheme will be in operation from 1st January, 2011 to 31st January, 2011.
For details, refer to General Circular No: 6/2010 dated 03.12.2010. (Attached Here)

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3 Replies

chellappa (Manager-Admin) (22 Points)
Replied 10 December 2010

Whether a company that stopped its operations recently is eligible to use this easy exit 2011 scheme to cancel their registration? Pl. guide

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Charu (nil) (122 Points)
Replied 31 December 2010

As per rule iii (a) , Any “defunct company” which has active status on Ministry of Corporate Affairs portal may apply under EES, 2011 in accordance with the provisions of this Scheme for getting its name strike off from the Register of Companies;

And the “defunct company” means a company registered under the Companies Act, 1956 which is not carrying over any business activity or operation on or after the 1^stApril, 2008 and includes a company which has not raised its paid up capital as provided in sub sections (3) and (4) of section 3 of the Companies Act,

Hence, as per scheme , any company which fulfils the above criteria is eligible to apply under the scheme, provided it is not further debarred as per provisions of rule iv) of the scheme.

dinesh jain (chartered accountant) (32 Points)
Replied 04 May 2012

The Fast Track Exit Scheme allows non-defunct companies an easy exit by having their names struck off the Register of Companies. The Easy Exit Scheme was introduced by the Ministry of Corporate Affairs (MCA) to allow defunct companies an easy exit by having their name struck off the Register of Companies, where they have been inoperative since incorporation or commenced business and subsequently became inoperative. However, there are many other companies registered under the Companies Act 1956 which commenced operation and then became inoperative, have been inoperative since incorporation or were initially operative but later became defunct. To allow such companies to benefit from such a scheme, the ministry introduced its new guidelines under the fast-track scheme. These guidelines were implemented on July 3 2011. If you want to get your company closed in fast and easy manner , Contact NMS Pvt. Ltd. , Mr.DKJain : 9810092750 or email us at : dkjain44 @ yahoo.com We assure reliable services and maximum client satisfaction at reasonable cost.