Central Govt announced 'Easy Exit Scheme-2010' to enable defunct companies to exit from the Register of Companies

DE-Registration of Inactive Companies

The Government has said that steps have been taken to enumerate or identify such registered companies which are inactive, dormant and have been in such mode for at least last ten years. Stating this in written reply to a question in the Rajya Sabha, Shri Salman Khurshid, Minister of Corporate Affairs, said that many promoters want to de-register these inactive companies to save themselves from perennial troubles.

Shri Khurshid informed the House that in this context the Central Government has announced ‘Easy Exit Scheme- 2010’, with a simplified procedure to enable defunct companies to exit from the Register of Companies. The scheme is in operation from 30.5.2010 to 31.8.2010.