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Fast track exit scheme

This query is : Resolved 
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(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?!
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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).
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K.GANESH KARTHI

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K.GANESH KARTHI (Querist)
24 March 2021 OK Sir, It seems you are absolutely correct!
Nice to have reply from you!
Thank you!
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
21 July 2021 All the director should active for filing of FTE.
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