Fast track exit scheme (Corporate Law)

This query is : Resolved

practicing cs

( Author )
10 July 2012

HI
THERE IS A COMPANY WHICH HAS NOT DONE ITS ANNUAL FILING FOR THE LAST YEAR. NO BUSINESS HAS BEEN DONE BY THE COMPANY TILL NOW BUT IT NOW WANTS TO GET ITS NAME STRIKED OFF.
SO IS IT POSSIBLE TO DO SO UNDER FAST TRACK EXIT SCHEME THROUGH FORM FTE?
AND WHETHER BEFORE GETTING ITS NAME STRIKED OFF, WILL IT BE REQUIRED TO COMPLETE ITS PAST FILING OR NOT?
PLS ANSWER
THANKS IN ADVANCE

vignesh

( Expert )
10 July 2012

Hi,

No need to complete the filing of the previous years. for further clarification kindly go through the following notification http://www.mca.gov.in/Ministry/pdf/Circular_36-2011_07jun2011.pdf.

A dormant company can file under FTE refer point 1 (b)