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Easy Exit Scheme 2011

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2011 Please tell me in case of easy exit scheme if there is loan from directors of company in liabiliti side is standing will it be ok for the scheme? and if creditors are there and they admit that they are waiving the loan then will it do? please suggest with any circulars or notification.
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Jayashree S Iyer

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Jayashree S Iyer (Expert)
13 January 2011 On the Liabilities side if loan from directors or payment to creditors is due, get waiver letter or NOC from the creditors / directors and attach it to the application under EES 2011.
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