Condonation of Delay Scheme

Economic Affairs Industrial sectors

The scheme will be rolled out by Ministry of Corporate Affairs.
The scheme will be operational for period of three months only. During this period, DIN (Director Identification Number) of disqualified directors will be re-activated temporarily to facilitate Directors of defaulting companies to file all overdue annual returns.
If Director of defaulting company fails to utilise scheme and regularise compliance after the end of the three-month window period, his DIN will be deactivate and he will be disqualified for period of 5 years.