Closer of company by fast track eist.

is it possible to close the company via fast track eist is it possible now
Replies (3)

fast track insolvency under IBC 2016 is for the following companies 

a. small companies 

b. start up company (other than partnership firm) 

c. unlisted company whose assets <= rs. 1 cr . 

Yes as per section 248 strike off provision

yes company can be struck easily on fast track basis provided the company must not have done any business in the last two years and the capital must be equal to losses,

 

Moreover for any further information you may visit corporatedrafting.com for getting detailed checklist, procedure and draft resolutions

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