Easy Exit Scheme, 2010

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2010 1) Suppose a company has not filed its Income Tax Return, Annual Return, Balance Sheet (Form 23AC & Form 23ACA), Compliace report (Form 66) for years. will it be eligible in this scheme?
2) What will happens to the Assets and Liabilities in the Scheme?
3) Who will pay the Liability in Future and who will dispose the Assets?
4) Who will distribute the net proceed among the shareholders?
5) After striking off the company's Name there will be no Bank Account in its name, then how the transactions will be taken place?

Rasesh

Rasesh (Expert)
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14 August 2010 1) Company will be required to update records till date, file ROC returns and then file for easy exit
2)to 5) Not Clarified under the scheme

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