NCLT-supervised scheme: application, creditor/member meetings, 75% majority, NCLT sanction. Scheme of Arrangement / Compromise (S.230) takes 7 steps over about 260 days and is filed with the ROC on CAA-1 and INC-28.
Last updated: 10 August 2026
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
7 steps over about 260 days, filing CAA-1 and INC-28 with the ROC. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Draft Scheme of Arrangement | None | within 30 days |
| 2 | Board Approves Scheme | None | within 14 days |
| 3 | File Application with NCLT (CAA-1) | CAA-1 | within 30 days |
| 4 | Notice to Creditors & Members | None | within 21 days |
| 5 | Conduct Creditor/Member Meetings | None | within 45 days |
| 6 | Obtain NCLT Sanction Order | None | within 90 days |
| 7 | File INC-28 with ROC | INC-28 | within 30 days |
The 7 steps below run in order; the day counts show how long each one allows.
Draft the scheme with legal advisors covering all terms and conditions.
Board of both companies approve the scheme.
File application with NCLT for directions on conducting meetings.
Send notices and publish advertisement as per NCLT directions.
Hold meetings. Scheme must be approved by 75% majority in value.
File petition for NCLT sanction. Attend hearing and obtain order.
File certified copy of NCLT order with ROC.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
About 260 days across 7 steps. The first step is: Draft Scheme of Arrangement.
CAA-1 and INC-28.
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.