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What is Fast Track Scheme?

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What is Fast Track Scheme?

The Ministry of Corporate Affair has introduced a scheme called fast Track Exit Scheme. The fast Track Exit Scheme is for faster disposal of the companies. It gives an opportunity to the defunct companies to struck off from the register under the Companies Act, 2013.

How to strike off pvt ltd company?

Procedure for Striking Off Company Name A notice issued by the ROC for striking off the company name or application filed by a company for striking off its name should be published in the Official Gazette for informing the general public.

How do I file an FTE?

This Form can be filed only by an Active company or by a dormant company or by company marked as defaulting. There shall be fixed filling fees of Rs. 5000/- for filing Form FTE. Please note any company desirous of getting its name struck off from Registrar of Companies under section 560 shall file Form FTE only.

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How do I close my OPC company?

Closure of the OPC is done voluntarily and is done through the fast track exit scheme. Winding up of the company may be voluntary or by the order of the Court by appointing an official liquidator to monitor the process of Winding up. Dissolution is initiated by the Court for ending the legal existence of the Company.

How can I close my OPC company in India?

In general, the various documents required to close a one person company in India are the following:

  1. The Application for Striking Off the OPC.
  2. Board Resolution in favor of the desired winding up.
  3. Consent Letter and Affidavit of its Director.
  4. Consent of the Creditors of the OPC.
  5. Indemnity Bond.
  6. Statement of Accounts.

What is the pay limit scheme Denmark?

As of 1 January 2019, the pay limit is DKK 426,985.06 per year corresponding to the DKK 35,582.08 per month. The salary up to and including the pay limit may only consist of the employee’s base salary, payment to the labour market pension scheme and holiday allowances paid out to the employee.

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Can a dormant company apply for strike off?

If a Dormant company want to apply for strike off u/s 248 then first Company have to apply for Active status of the Company with ROC. Once Company obtain active status then it can apply for strike off by fulfilling requirement of section 248 along with respective rules.

How do I close an active non compliant company?

Company has to follow the process of removal of Director u/s 169 of Companies Act, 2013 and after completion of process have to file DIR-12 for cessation of such Directors. Company in ‘Active non compliant status’ still allowed to file DIR-12 for cessation of Directors.