Fast track exit scheme
This query is : Resolved
Quick Summary
K.GANESH KARTHI
(Querist)
24 March 2021
Sirs,
Whether a Private Company (one of its Director being disqualified u/s.164[2]) can apply for FTE Scheme?
Can we file FTE form and even if it is filed, will it be accepted?!
Whether a Private Company (one of its Director being disqualified u/s.164[2]) can apply for FTE Scheme?
Can we file FTE form and even if it is filed, will it be accepted?!
24 March 2021
The company cannot seek FTE schme, if it has only two directors out of which one is disqualified since the company has violated the requirement of minimum number of directors as per section 149(1)(a).
K.GANESH KARTHI
(Querist)
24 March 2021
OK Sir, It seems you are absolutely correct!
Nice to have reply from you!
Thank you!
Nice to have reply from you!
Thank you!
CS Divesh Goyal
(Expert)
21 July 2021
All the director should active for filing of FTE.
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