General Circular No. 33/2003

F. No.17/78/2001-CL.V

Government of India

Ministry of Finance

Department of Company Affairs

5th floor,`A’ Wing, Shastri Bhavan,

Dr. R.P. Road, New Delhi.

Dated 14th November, 2003


All Regional Directors

All Registrar of Companies

Subject:- Simplified Exit Scheme – Clarification.


The undersigned is directed to refer to General Circular No.13/2003 dated 25.3.2003, General Circular No.15/2003 dated 9.4.2003, General Circular No.16/2003 dated 17.4.2003, General Circular No.17/2003 dated 22.4.2003 and General Circular No.27/2003 dated 7.10.2003 regarding Simplified Exit Scheme.

2. It is further clarified that companies incorporated after the Companies (Amendment) Act, 2000, who have not contributed toward the paid-up capital as per the requirements of Section 3 (1)(iii) and 3 (1)(iv) can also avail Simplified Exit Scheme if other requirements are fulfilled.

Yours faithfully,

(E. Selvaraj)

Joint Director (T)

(Tel:2338 3452)

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