The Ministry of Corporate Affairs ( MCA ) has extended the closing date of Condonation of Delay Scheme, 2018 to 1st May 2018.
A circular issued by the Ministry said today that “In continuation to the Ministry’s General Circular No. 16/2017 dated 29/12/2017 and General Circular No. 02/2018 dated 28.03.2018 on the subject cited above and to state that the closing date of the scheme viz. 30.04.2018 is falling under gazetted holiday on account of ‘Budh Purnima’, therefore, this Ministry has decided to give a one-day extension of the said scheme i.e. up to 01.05.2018.”
A few months ago, MCA, with an intent to crack down on shell companies, had disqualified more than two lakh directors of shell companies within a span of 15 days, for not filing their financial statements or annual returns for two straight years, violating provisions of the Companies Act, 2013.
Such companies which have been struck off /whose names have been removed from the register of companies under section 248(5) of the Act can take the advantage of the Scheme.
On adopting the above scheme, the concerned Registrar will withdraw all the pending the prosecution(s) for all documents filed under the scheme. “However, this scheme is without prejudice to action under section 167(2) of the Act or civil and criminal liabilities, if any, of such disqualified directors during the period they remained disqualified.”
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