Company Law Settlement Scheme

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kushagra (Querist)
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01 June 2010 Dear Sir,

I want certain clarity about Company Law Settlement Scheme. I have following queries in this regard.

1. Is it compulsory for the company which has filed belated documents under company law settlement scheme to make application for issue of imunity certificate, or only those companies against whom any prosecution has been initiated has to make this application?
2. If a particular company has filed its belated documents before 30 May 2010 by paying full amount of additional fees can it make application for issue of imunity certificate under company law settlement scheme?
3. Is 75% rebate available only to those companies which file their belated documents between 30/05/2010 and 31/08/2010, i.e if a particular company has made good its default in April 2010 by filing belated documents and paying additional fee will it not get any rebate in additional fees paid or imunity in respect of such belated documents?

Abhishek

Abhishek (Expert)
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02 June 2010 Dear Kushagra,
Please follow the link below where you will find the circular issued by GOI regarding the scheme, i hope it will resolve all your doubts.

https://www.mca.gov.in/Ministry/latestnews/CircularCLSS_27may2010.pdf

If you still have a doubt, we will discuss it further.

Thank You

kushagra

kushagra (Querist)
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02 June 2010 Dear Abhishek,

I posted my query after reading the circular and hence I still have same query.

Regards

kushagra

kushagra (Querist)
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02 June 2010 ..???

Abhishek

Abhishek (Expert)
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03 June 2010 Dear Kushagra,
The answers of your questions are as follows:
Ans-1 The Application for immunity is required to be filed only by those companies against whom any prosecution is pending or the company concerned has filed any appeal or complaint against the notice issued(after withdrawal of the same)

Ans-2 No, Since the application for immuntiy can be given in respect of Belated documents filed under the scheme.

Ans-3 Rebate is available only to those companies who have filed there belated documents under the scheme.

Regards

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