is free exit in meet counselling an online option or it just means to not report to the allotted college?

Dear Mansi, Free exit for 1st Round means if a candidate allotted a seat in 1st Round and even if candidate does not report/join the allotted college he would not be penalized and eligible for subsequent rounds.

NOTE - Candidates are required to join allotted institution/college and complete the admission formalities then only candidate can exercise option to participate in next round(s) and give willingness for Up-gradation at the allotted college, during admission process.

For Round 1 as there is Free Exit & Free Entry candidates can resign from their allotted seat in First Round, if he/ she is not satisfied with the allotted seat and can still participate in Round 2 with original User ID & Password of Round 1. Candidates who are allotted a seat in Round 1 but do not join are also eligible to participate in Round 2.

All the best

Hope this helps