Scheme of Arrangement / Compromise (S.230)
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
What if it’s filed late?
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.
What is the timeline for Scheme of Arrangement / Compromise (S.230)?
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 |
What are the steps, in order?
The 7 steps below run in order; the day counts show how long each one allows.
Draft Scheme of Arrangement
Draft the scheme with legal advisors covering all terms and conditions.
Board Approves Scheme
Board of both companies approve the scheme.
File Application with NCLT (CAA-1)
File application with NCLT for directions on conducting meetings.
Notice to Creditors & Members
Send notices and publish advertisement as per NCLT directions.
Conduct Creditor/Member Meetings
Hold meetings. Scheme must be approved by 75% majority in value.
Obtain NCLT Sanction Order
File petition for NCLT sanction. Attend hearing and obtain order.
File INC-28 with ROC
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.
Common questions
How long does Scheme of Arrangement / Compromise (S.230) take?
About 260 days across 7 steps. The first step is: Draft Scheme of Arrangement.
Which MCA forms are filed for Scheme of Arrangement / Compromise (S.230)?
CAA-1 and INC-28.
What does it cost if CAA-1 and INC-28 are filed late?
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Can OnCompliance run Scheme of Arrangement / Compromise (S.230) for me?
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.