Worldwide: Compliance

Non-compliance under the law does not always result from intentional wrongdoing.

For companies that have accumulated delays in statutory filings, this Scheme offers a valuable opportunity to reset their compliance status at a significantly lower cost and avoid potential regulatory action in the future. The key features of the Scheme and its implications for companies are discussed below.

For decades, Indian companies navigating even the most routine regulatory missteps have found themselves queued behind insolvency giants and complex commercial disputes at an already overstretched National Company Law Tribunal (“NCLT”).