The Scheme, effective from 15th April 2026 to 15th July 2026, provides a one-time opportunity for defaulting companies to complete pending annual filings by paying only 10% of the additional fees otherwise payable under Section 403 of the Companies Act, which currently attracts Rs 100 per day without an upper limit. Companies may alternatively opt for dormant status under Section 455 by paying half of the normal fee, or apply for strike-off through e-form STK-2 by paying 25% of the applicable filing fee. The Scheme applies to most companies except those already under strike-off action, dissolved entities, vanishing companies, or those that have already applied for dormancy. The immunity from penalties under Sections 92 and 137 is available if filings are completed within specified timelines.