LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Fast track exit scheme

Ramesh (Executive Secretary) (65 Points)

03 April 2012

Dear Members,

We are going to close the Private Limited Company as per “Fast Track Exit Scheme”.

Our Private Limited Company has not filed any Annual Forms and Form 17(Charges) from past five years. My query is about whether the company has required to file all the Annual Forms and Form 17(Charges) with ROC or Only Form FTE is enough to File with ROC...

Learned members please give your suggestions...

Regards

Ramesh Thangavel

Reply
Follow
Share

6 Replies

Priyanka (Assistant Company Secretary) (905 Points)
Replied 03 April 2012

I think this is ur answer Can a company identified as defaulting company apply under FTE? Any company, which has not filed its statutory documents i.e. Balance Sheet and Annual Return for any of the financial year 2006-07, 2007-08, 2008-09 and 2009-10, has been identified as defaulting company. Directors of such companies are debarred from filing any document till they make the default good. Such defaulting companies can apply under FTE.

1 Like

Priyanka (Assistant Company Secretary) (905 Points)
Replied 03 April 2012

Try this link for ur query https://www.mca.gov.in/Ministry/faq_fte.html

Ramesh (Executive Secretary) (65 Points)
Replied 03 April 2012

Dear Madam,

The "X" Private Limited Company had incorporated in 1999. The Annual Filing forms and other forms are filed upto 2002 and thereafter the Company has not file (Manually & Electronically) Annual Filing forms and form 17 till now.

We are now process to close this company... the Company's name and CIN is not display in the MCA site.... In this situation, how to file Form 17(charges) and Form FTE with ROC ...

Regards

Ramesh Thangavel

dinesh jain (chartered accountant) (32 Points)
Replied 04 May 2012

The Fast Track Exit Scheme allows non-defunct companies an easy exit by having their names struck off the Register of Companies. The Easy Exit Scheme was introduced by the Ministry of Corporate Affairs (MCA) to allow defunct companies an easy exit by having their name struck off the Register of Companies, where they have been inoperative since incorporation or commenced business and subsequently became inoperative. However, there are many other companies registered under the Companies Act 1956 which commenced operation and then became inoperative, have been inoperative since incorporation or were initially operative but later became defunct. To allow such companies to benefit from such a scheme, the ministry introduced its new guidelines under the fast-track scheme. These guidelines were implemented on July 3 2011. If you want to get your company closed in fast and easy manner , Contact NMS Pvt. Ltd. , Mr.DKJain : 9810092750 or email us at : dkjain44 @ yahoo.com We assure reliable services and maximum client satisfaction at reasonable cost.