Fast track exit of the company

This query is : Open

MRS.REEMA KHADE-SHIKHARE (Querist)
Follow

24 February 2016 If company has Previous year business transaction how to go for FTE scheme. As per Section 248 of the co. Act 2013 we can go for FTE by a special resolution or consent of 75% members in terms of paid-up share capital but this section till yet not enforced and co. wants to go for FTE then what is the solution for this.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

24 February 2016 Can't choose FTE since condition as in clause 1(a)(ii) of General Circular 36/2011 dated 7.6.2011.

Ps:- Section 560 of 1956 act prevails since section 248 of 2013 act is not enforced.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

24 February 2016 Can't choose FTE mode since condition as in clause 1(a)(ii) of General Circular 36/2011 dated 7.6.2011 is not satisfied.

Ps:- Section 560 of 1956 act prevails since section 248 of 2013 act is not enforced.

MRS.REEMA KHADE-SHIKHARE

MRS.REEMA KHADE-SHIKHARE (Querist)
Follow

24 February 2016 Thank you sir for solving this query

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now