Companies Easy Exit Scheme, 2011
This query is : Resolved
19 January 2011
hello my client had promoted a company in March, 2009 to construct a hydro project but due to technical unviability of the project he didnt start the operations. He wish to exit the company under the present Easy Exit Scheme. whether companies incorporated prior to 31/03/2008 are only be eligible for exit under the above scheme or this company can also exit. please clarify.
Jayashree S Iyer
(Expert)
20 January 2011
Yes, 31/03/2008 is the cut off. ROCs are not considering the applications of companies incorporated after the cut off.
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