The question below has blanks indicating that something has been omitted. Choose the set of word(s) that best fits the meaning of the sentence as a whole.
The state government has announced an amnesty scheme for all the housing societies ________ on payment of municipal taxes, asking them to pay their dues and ________ their status without any penalty.
defaulting, regularise
The state government has announced an amnesty scheme for all the housing societies defaulting on payment of municipal taxes, asking them to pay their dues and regularise their status without any penalty.