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In order to give an opportunity to defunct companies desirous of getting their names struck off from the Register of Companies under the Companies Act, 1956 through a simplified procedure, the Central Government (M/o Company Affairs) had introduced a scheme namely, “the Simplified Exit Scheme, 2005” (SES, 2005) vide General Circular 2/2005 dated 28.1.2005. The Scheme was effective from 1st February, 2005 and was to come to an end on 31st July, 2005.
On account of difficulties experienced due to adverse weather conditions in different parts of the country, it has been decided to extend the scheme by a further period of one month up to 31.8.2005, to afford further opportunity to defunct companies to avail the benefits of the scheme.
Copy of this Press Note has also been placed on the Web page of the Ministry of Company Affairs at the internet address: http://www.dca.nic.in
AD/NSR
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