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Fast track exit mode (Corporate Law)

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This query is : Resolved

Author : Anonymous

( Author )
13 April 2012

Dear All,

One of my company want's to get strike off.
I suggested the management about FTE

My question is
What is detail procedure of FTE
and steps involved in it?

Thank You in advance


vignesh

( Expert )
13 April 2012

Hi,

Check whether the company has been inoperative for past one year.
There should not any secured loans or management disputes or listed one or vanishing.
The e-Form FTE accept only Share Capital in Liabilities Side and Profit and Loss A/c debit balance in Assets side. Affidavit, Indemnity are also required. Pl refer the notification for further details. http://www.mca.gov.in/Ministry/pdf/Circular_36-2011_07jun2011.pdf



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