Fast track exit mode
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2015
There is a company which is getting only interest and rental income. There is no income form operations. Can they sell/transfer the existing assets and pay off the liabilities and then use the fast track mode to exit the company
15 January 2015
Yes. The company should not have assets and liabilities.So take steps to transfer all assets and clear off all liabilities by going through the statutory compliances, meetings ,approvals in EGM etc.,
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