MCA Review on CLS Scheme

Tuesday, June 15, 2010
	Ministry of Corporate Affairs
	SECRETARY MCA REVIEWS PROGRESS OF COMPANY LAW SETTLEMENT SCHEME AND EASY EXIT SCHEME EXHORTS ROCS AND RDS TO ENSURE ZERO HARASSMENT TO STAKEHOLDERS
	16:36 IST
	To review the two schemes namely, Company Law Settlement Scheme 2010 and Easy Exit Scheme 2010, introduced by the Ministry of Corporate Affairs (MCA) on 30.5.2010, the Secretary, MCA, Shri R. Bandyopadhyay held a videoconference with all Registrars of Companies (RoCs) in 20 offices all over India and Regional Directors (RDs), yesterday i.e., on 14th June, 2010. The Secretary enquired about the initial response of corporates and professionals to the abovementioned schemes and also the efforts put in by ROCs to popularize the schemes in order to make them successful. ROCs reported that they are taking out print ads in English and vernacular media and are also addressing seminars and conferences in association with professional institutes. Simultaneously, they are also issuing Show Cause Notices to defaulters so that these defaulting companies can be identified/sensitized. Shri Bandyopadhyay emphasized that ROCs should keep in mind, at all times, the objective of introducing these schemes, that "Every Company should be accounted for". The Secretary also desired that in this age of e-governance, public interaction of MCA officials should be limited and efforts must be made by ROCs/RDs to ensure zero harassment to stakeholders. BY