Page 43 - Corporate_Professional_Today

CondonATion of delAy SCheme 2018 – neW yeAr GifT To STruCk off ComPAnieS by roC

defaulting companies and declaring the directors up to avail of benefit under this scheme. To
as disqualified, which was a well devised sum up, ROCs had turned the tables in the
diagnosis to cure the same from its root. game, better late than never in their favour
However, with this new year gift of CODS but this Scheme shall now provide an level
2018, it will be interesting to see how many playing field to the defendants.
genuine companies and their directors come
lll

1. http://www.mca.gov.in/Ministry/pdf/Generalcircular16 29122017.pdf.
2. Inserted by Companies (Amendment) Act, 2015 and is effective from 29th May, 2015.
3. Omitted by Companies (Amendment) Act, 2015 and is effective from 29th May, 2015.
Original omitted content prior to amendment in sub-section (1), clause (b),
“the subscribers to the memorandum have not paid the subscription which they had undertaken to pay within a period
of one hundred and eighty days from the date of incorporation of a company and a declaration under sub-section
(1) of section 11 to this effect has not been filed within one hundred and eighty days of its incorporation; or”
4. http://www.business-standard.com/article/pti-stories/names-of-over-200-000-firms-struck-off-from-registrar-of-companies-
govt-117090500854 1.html.
5. As per flash notification on MCA portal, the DIN shall be re-activated from January 12, 2018 for the purpose of
this Scheme.
6. E-Form CODS 2018 shall be available from February 20, 2018.

150 January 20 To January 26, 2018 u Taxmann’s Corporate Professionals Today u Vol. 41 u 44