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Comments on: How to close defunct company in fast track exit mode? https://taxclick.org/type/company-law/how-to-close-defunct-company-in-fast-track-exit-mode/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-close-defunct-company-in-fast-track-exit-mode Tue, 03 Oct 2017 12:46:13 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Reevan https://taxclick.org/type/company-law/how-to-close-defunct-company-in-fast-track-exit-mode/#comment-405 Tue, 03 Oct 2017 12:46:13 +0000 #comment-405 Sir I incorporated a Private Limited Company on June 25, 2017. Since incorporation I didn’t do anything neither operations nor opening bank account, appointing auditor or other compliance. The reason I had incorporated it was so, that I can start operating it after a year or 2.
Sir my queries are,
Can I keep it as it is for a year or 2 just as it is?
OR Should I close it if in case it may give me any problem in near future?

Looking forward for you advice, Thank You 🙂

]]> By: PARMOD KUMAR https://taxclick.org/type/company-law/how-to-close-defunct-company-in-fast-track-exit-mode/#comment-123 Tue, 17 May 2016 13:44:23 +0000 #comment-123 SIR CAN WE FILE THE DOCUMENTS IN THE SCHEME TODAY & THE COMPANY HAS CLOSED OPERATION IN 2014 ALSO IS THERE ANY PENAL ACTION WILL BE TAKEN FOR NON FILING OF ANNUAL RETURNS DURING OPERATION PERIOD. LAST FILLING WAS DONE IN 2012..

]]> By: Arun https://taxclick.org/type/company-law/how-to-close-defunct-company-in-fast-track-exit-mode/#comment-122 Thu, 12 May 2016 07:13:41 +0000 #comment-122 I have submitted all docs as above in Mar 16 – when will i receive an intimation that the co. is closed?
on mca site it is showing as ‘in process’ – what is the ball park time for closure of co.s ? since such intimation has not been recd by 31/3 does the co have to file a income tax return?

]]> By: CA Rajendra Shete https://taxclick.org/type/company-law/how-to-close-defunct-company-in-fast-track-exit-mode/#comment-63 Sat, 30 Jan 2016 20:29:26 +0000 #comment-63 In reply to Preeti.

FTE Scheme is currently available and company can opt for such scheme by filing form FTE.
Regarding your query, can company opt for closure without filing annual returns, I would like to inform you that company can make application for the FTE without filing Annual return if all other conditions are satisfied.

]]> By: Preeti https://taxclick.org/type/company-law/how-to-close-defunct-company-in-fast-track-exit-mode/#comment-60 Wed, 27 Jan 2016 08:53:40 +0000 #comment-60 Please let me know if the scheme is currently on and also whether the company opting for the same has to file all the statutory Returns of previous years or it can opt for the closure without filing previous years annual returns.

After incorporation two years back,the company has not done anything not even opened bank account.

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