CODS 2018 – A way out for the disqualified directors to revive their Company struck off by ROC

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Backgrounder: CODS 2018 (Scheme)

With a view to provide a way out to over 300,000 Directors disqualified for associating with Companies which failed to file their Annual documents for a period of 3 financial years, the Ministry of Corporate Affairs has launched “Condonation of Delay Scheme 2018” (CODS-2018) with effect from January 01, 2018 to March 31, 2018.

Applicability of the Scheme

Primarily, the scheme is applicable to all defaulting companies other than the companies which have been struck off/ whose names have been removed from the register of companies under Read more

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