Company Closure2019-04-04T14:19:44+05:30
Private Limited Company

Company Closure – Fast track Exit
Starting at INR 24,999 onwards

Company Winding up / Closure

To help defunct companies and inoperative companies to wind up its business without following many procedures, Companies act, 2013 vide Section 248 has provided an option of applying for removal of its Company’s name from the Registrar by filing an application in a prescribed manner to the Registrar. Earlier Ministry of Corporate Affairs has issued Fast Track Exit (FTE) Mode opportunity to the defunct companies to get their names struck off from the register in time bound manner. This was given as guidelines in Companies act 1956, however, now the same option is been embedded in Section 248 of Companies Act, 2013.

What are the documents required for the Company Closure ?

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Consent Of The Board
Board Resolution

Information

No Objection Certificate
NOC from Creditors /Parties interested

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Consent Of The Members
Special Resolution

Document

Affidavits
Various Prescribed Affidavits

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Frequently asked Questions

  1. Listed companies,
  2. companies that have been de-listed due to non-compliance of listing agreement or any other statutory Laws,
  3. section 8 companies,
  4. vanishing companies,
  5. companies under inspection/investigation,
  6. companies against which prosecution for a non-compoundable offence is pending in court,
  7. companies having outstanding public deposits or secured loan or dues towards banks and financial institutions or any other Government Departments etc. or
  8. Companies having management dispute or
  9. company in respect of which filing of documents have been stayed by court or CLB or Central Government or any other competent authority

Indemnity bond duly notarized from every director that any losses, claim and liabilities on the company, shall be met by every Director even after the name of the company is struck off the Registrar of Companies in Form STK 3;

As per respective country’s law

Yes, after obtaining consent of regulatory body and to be enclosed with application

Affidavit format declaring that company did not commence any business or has not commenced business activity from a specified date

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