Introduction :
In Indian corporate scenario it is observed that many a time promoters register
their companies under the Companies Act, 1956, but could not turn their corporate
venture operative due to various reasons. The readers may be aware that the Ministry
of corporate affairs (MCA) has come out with heavy penal/ additional filing fees
with effect from 05th December, 2010 for the delayed annual submissions. This may
tend to be a burdensome proposition for all such non-o
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