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Q & A

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Respected Sir / Madam, We wish to apply for Fast Track Exit Scheme on one of our Private Limited Company. The Company has made default in filing of Balance Sheet and Annual Return for past 6 years. In view of the above, whether we can proceed for fast track exit of the Company with defaulting status. Please accord your valuable direction.

Winding-up

Posted By: Murli lahoti 10 year(s) ago

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    Akansha

As per section 560 of the Companies Act, 1956, a company desirous of getting its name struck off, has to apply to Registrar of companies in e-form 61. All pending statutory returns are required to be filed along with e-form 61. Further, Company in this scenario can take the advantage of Company Law settlement Scheme 2014 and can file all the belated documents with fees plus 25% of additional fees with RO, as in case if company wishes to go through FTE route, it is first required to make the default good, then only they can proceed to file the application.

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