Incorporation of private limited company

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Arun Gudikandula (Querist)

19 December 2014 I along with my mother had started a private limited company in the year 2010 in which we both are directors but somehow the company did not take off due to lack of funding and I did not file the balance sheet and other documents with the concerned authorities as the company is not doing any business for the last two years.I want to close the company by spending the least amount and in the easiest possible manner,if this is not possible.I want to sell or transfer my shares I hold in the company in my mothers name so as to end any kind of association with the company.Please advise.

shivaji prasad bhimavarapu

shivaji prasad bhimavarapu (Expert)

20 December 2014 There is FTE ( Fast Track Exit) mode for such companies with a nominal fee of Rs.5000/- without regularizing the defaulted returns.You can find the details at www.mca.gov.in/MCA21/faq_fte.

Please go through.It is simple.

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