, CODS 2018 (Defaulting directors and strike off scheme) applicability on today High Court hearing (Summary) ~ CS GAURAV SHARMA

December 19, 2017

CODS 2018 (Defaulting directors and strike off scheme) applicability on today High Court hearing (Summary)

 Outcome of today's hearing at Delhi High Court on Disqualification of Directors u/s 164 (2) (a):

Scenario 1: If the Co. is active but all or some of Directors are Disqualified: Avail Benefit of Condonation of Delay, Scheme, 2018 and Complete your all pending annual filing withing 3 months Window of (01.01.2018 - 31.03.2018). Once the company completes all pending annual filing, the DIN to continue and disqualification shall be removed permanently.


Scenario 2. Co. Strike Off and all Directors Disqualified: Strike Off Company's fate to be decided tomm by the Hon'ble Delhi High Court. DHC will decide the future of struck off companies tomm. whether they shld also be given a chance to complete pending annual filing through a spearate amnesty Scheme by MCA or NCLT has exclusive jurisdiction to revive a company struck off by RoC. Ministry to report tomm in DHC upon this matter.


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