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Fast Track Exit of the Company


Discounted fee ₹5999* Inc. tax



  • Preparation of all the Documents required for the same
  • Filing of Form to the ROC
  • Any other consultation for the same
  • Service is available anywhere in India

Introduction



The Fast track scheme is for faster disposal of companies. Under Fast track scheme a defunct company can proceed for strike off their name from register in relatively less time, subject to the following conditions:-
1. Within one year of its incorporation if a company fails to commence its business;
2. Subscribers to MOA has not paid the subscription amount within 180 days and no declaration filed to this effect;
3. When a company voluntarily wants to close, it can after clearing all its liabilities, by obtaining the consent of at least 75% or more shareholders in terms of paid-up capital;
4. Not able to carry any business for a period of two years as per new rule and has not sought to call itself a dormant company.

  • An Affidavit in form STK-4 by every director.
  • Statement of Accounts.
  • Indemnity Bondm in form STK 3. ( to be given individually or collectively by every diretor).
  • Copy Board Resolution.
  • PAN Card and address proof of every director.
  • A statement regarding pending litigation(if any).

FAQ



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.

There are two main criteria:- 1. The company applying under FTE shouldn have any asset or liability. 2. The company should not have commenced any business activity or operation since incorporation or at least one year must has been passed since last business activity or operation.

Yes, any company, which has been identified as dormant by MCA can apply under FTE.

Yes, applicant is required to file form FTE along with the prescribed fee of Rs. 5000/-.

List of applications filed under FTE will be available on the portal. In case any stakeholder has any objections to the Striking off the name of any company, he/she may raise such objection by email/letter with the concerned ROC Office within 30 days from the date of filing Form FTE by the company.

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