In India, every year more than one lakh Companies get registered and majority of them do not even start their business. The Founders of these companies go back to their jobs or get aside leaving the business as it is.
Did you know? It may cause you (as Director) troubles from the Regulatory Department like Income Tax, Registrar of Companies and others. Yes, you read it right. It is a prudent idea to close down the company to get relief from litigation and at the same time saving your DIN getting disqualified.
We at Compliance Calendar LLP have a team of Experts who can help you close your company hassle free. You just have to share your company details, assist us in complying with the Fast Track Exit Scheme for closure of company and leave the rest on us. We have helped plenty of companies in successful closure like yours.
We can be reached at info@ccoffice.in or +91-9988424211 on Call/WhatsApp.
Fast Track Exit (FTE) can be done in two ways:
The ROC may strike off the name of Company on its own if:
The company can also move an application to Registrar of Companies for striking off the name by filing form STK-2 along with a fee of Rs 10,000/-. Once the form is filed, the Registrar has power and duty to satisfy himself. The ROC can also issue a show cause notice in case of default in filing returns or other obligations. After above formalities, ROC issues a public notice and strike off the name of Company after its expiry. This is the safe route and your DIN is saved from getting disqualified.
Application for voluntary removal of names of Companies from Register under sub section (2) of Section 248 can only be filed by the following companies:
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When the purpose of the company is not served and it is not able to generate profits for its shareholders, the existence of the company is closed legally by filing necessary forms to the Govt. Dept. The MCA has launched a new scheme for those who could run their companies due to any reasons and now want to close the company by spending less and be relieved.
Any Company which is not a Section 8 Company and has been inoperative for more than 1 year from the date of its incorporation or has not done any business for last two financial years can apply for Closure of Company under FTE scheme
A company which is eligible under Fast Track Exit (FTE) Schemes can apply for company closure by filing form STK-2 with the concerned ROC with necessary documents as required under the Companies Act, 2013.
Yes, just make sure first that your DIN is active and the company has already not been struck off by the ROC. You can share your company details and we will provide a free consultation to assist your further in this matter
To do this, we file form STK-2 for the removal of your company name from the Register of Companies and which are non-functional over a period of time. It is the quickest and easiest way of Exit Called Fast Track Exit which saves the company from going into lengthy liquidation process involving Court/Tribunal Intervention.
The form filing fees of form STK-2 is Rs. 10,000/- and rest is all about the documentation charges and professional fees. Get in touch with us to get a free quotation from CCL. Our Compliance Manager would be more than happy to provide you all the information you may require
We are the market experts in compliance and keep you informed with all the changes taking place in the Indian Companies Act, 2013. We can help you with end to end services in getting your company closed legally and save you from any non-compliance. It is a legal process so it is prudent to assign the work to a professionally managed firm.
Not to worry at all! Someone from our experienced team will resolve all your queries. Our Company Closure Experts will help you to give you the best advice without any consultancy fees. Get in touch with us. Write to us at info@ccoffice.in or WhatsApp/Call us +91 9988424211.