CS Raju Patro (Company Secretary) (42 Points)
15 September 2014Dear Expert
kindly clarify that Fast Track Exit Scheme issued vide General Circular No. 36/2011 dated 7th June,2011 still applicable to the Companies( i.e. Sep,2014) who wish to strick off its name or any other mode available for the Companies.
rohit dhanda
(delhi)
(36 Points)
Replied 16 January 2017
Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 in time bound manner.
The Guidelines will be implemented with effect from 3rd July, 2011.
The guidelines does not inter-alia cover the listed companies, companies that have been de-listed due to non-compliance of listing agreement or any other statutory Laws, section 8 companies, vanishing companies, companies under inspection/investigation, companies against which prosecution for a non-compoundable offence is pending in court, companies having outstanding public deposits or secured loan or dues towards banks and financial institutions or any other Government Departments etc. or having management dispute or company in respect of which filing of documents have been stayed by court or CLB or Central Government or any other competent authority.
Thanks and Regards
Rohit Dhanda
8588091392
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