Incorporation of company

Co Act 2013 374 views 5 replies

phanindra kumar

Student CA Final

85 Points Joined August 2013

Dear Professional colleagues,

I have incorporated a pvt.ltd.company to one of my clients as per co.,act,2013 , but not applied for commencement of business which is to be applied as per new act as you aware, but here the problem arised , after got incorporation letter client not getting comfort (exactly to say-things going wrong and happing unfavorable things,etc) so he dont want to continue with that name and he want to close the company as a whole legally. Kindly suggest me what steps i need to take ??

Many thanks in advance.

Phanindra kumar

Replies (5)

P C Agrawal

Registered independent director Past Ch

8229 Points Joined March 2007

It is easy to incorporate a company but very difficult to close it. It will be advisable to sell the company to someone who might be interested by transfer of shares.

phanindra kumar

Student CA Final

85 Points Joined August 2013

Thankyou for reply sir, but client requesting to close only.

Advise please , the procedure or any other way

prakash

Company Secretary

1352 Points Joined January 2012

Dear Kumar

Since company has not commenced its business activity or operations from its incorporation, it can apply for striking of company's name under fast track exit mode.

just you need to file form FTE by attaching affidavits and indemnity bond from all directors along with personal ID and residential proof of all directors and statement of accounts not older than one month from date of filing of form FTE.

ROC fee for filing of form FTE is Rs. 5000/-

Roopesh Gangisetty

Article trainee

176 Points Joined December 2013

Agree with Mr.Prakash

CS RAJNI

Company Secretary

32 Points Joined March 2014

Dear sir,

if company has not commence any business then is there any need to do annual filling i.e. 23 AC 23ACA & 20B before filling FTE application , and 23B too needs to file for every year ?

pls advice