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Query on fast track exit mode

veena bhat (Company Secretary) (33 Points)

27 July 2011

Dear All,

One of the private company want to close under FTE scheme. requesting you to provide me the board resolution format for the same. Clarify, Is it ok if closing of bank account and closing of company under FTE shceme resolution if we pass in one Board Meeting.

Thanks

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8 Replies

veena bhat (Company Secretary) (33 Points)
Replied 27 July 2011

Note: Closing of Bank account of same company which going to exit under FTE scheme. or before applying under FTE itself we have to close the bank account?

veena bhat (Company Secretary) (33 Points)
Replied 27 July 2011

Note: Closing of Bank account of same company which going to exit under FTE scheme. or before applying under FTE itself we have to close the bank account?

Saroja (ACS Trainee) (903 Points)
Replied 29 July 2011

Hi Veena,

its useful

Resolved that the unanimous consent of the Board be and is hereby accorded to apply for the closure/struck off of the Company under Section 560 of the Companies Act, 1956 to the Registrar of Companies, Chennai,

Resolved further that__, Director and_, Director be and are hereby authorized to execute/furnish affidavits, indemnity bonds and other related documents/deeds as may be required in this connection or as may be required by Registrar of Companies, Chennai.

Resolved further that any one of the Directors of the Company be and is hereby authorized to file necessary forms with them and to sign the said forms /returns and to furnish all required details / information /explanations as may be sought by Registrar of Companies, Chennai in this connection.

and u should Close the Bank account before File the e-Form under FTEM (Fast tract Exit)

1 Like

veena bhat (Company Secretary) (33 Points)
Replied 02 August 2011

Thank you friends

further to my query,

The company which is going to be defunct under this scheme , it has two foreign directors in the board. In this situation where the affidavit and Indemnity bond to be notraised? Whether need to pay the stamp duty on the same? if yes then what is the rate of stamp duty?

Thanks & Regards

Saroja (ACS Trainee) (903 Points)
Replied 03 August 2011

affidavit and Indemnity bond notraised in india,

Himandri (CS Final) (21 Points)
Replied 27 February 2014

can anybody tell me ,how many days before board resolution should be passed before filing form FTE and is indemnity bond is required to be signed in 200 rs stamp paper.