04 October 2011
Form 61, the process is longer, i mean approval process, and one think i want tell, u want to close ur company under sec 560, Form FTE only (Substituted for Form 61) see this link
04 October 2011
Circular No 36 Statute Companies Act, 1956 Effective Date 03rd July, 2011 Subject Matter Fast Track Exit mode for defunct companies under section 560 Amendment Guidelines for Fast Track Exit Mode:
Applicability: 1. The Company should have nil asset and liability; 2. The Company has not commenced any business activities since incorporation 3. If the Company is not carrying over any business activity for the past one year before making application for Fast Track Exit. 4. Any defunct Company may apply for strike off whether active or dormant status.
Non-appliability:
1. Listed Companies*** 2. Delisted Companies due to de-listed 3. Section 25 Companies 4. Vanishing Companies 5. Prosecution pending Companies 6. Management dispute Companies 7. Companies having dues with IT or Sales tax or Excise or banks or other local authorities.
Others: 1. Filing fee for fast track exit scheme is Rs. 5000/-. 2. If the e-form is not digitally signed by the director, a physical copy has to file with the ROC. 3. If DIN 3 or e-form 32 is not filed earlier, the certification from the PCA or PCS has to be accompanies with application. 4. The Company has to disclose the pending litigations if any.
can u tell me, ur company listed or unlisted.,
Bcoz listed company not applicable under Fast track closure,
04 October 2011
It is not a Defunct Company, Not Listed Company, but it has been carrying on small business, and the directors want to close voluntarily.
and i think ur company not eligible under Fast track mode (Not defunct and running very well) so my opinion U can file the form under Voluntary Winding Up. is it correct na, i'll provide the Checklist for that (Voluntary Winding Up).,
CAclubindia
