Private Limited Closure

Hi,

You can go for fast track exit option for closure. Pl note for availing this scheme, you hould not be carrying on any business for 2 years.

Professional fees for the same is generally 5,000-10,000. As form requires certificaion, I dont think you can do yourself

Hi,

Since, there is no transaction in your company for last 1-2 years, it is eligible for defunct status.

There is a fast track process for winding of defunct company. You are required to file form STK-2 to wind up a Defunct Company.

The form STK-2 needs to be filled with the Registrar of Companies and the same needs to be duly signed by the authorised director of the company.

Sorry I can't tell you the average fees, it will vary significantly from a CA to CA.

Closer of card company done by FTE form cost for the same is between [deleted]

Incorporating a company is easy but closing a company is difficult, unless the Government announces schemes for easy exit. Right now there is no such scheme.

You need to voluntarily wind up the company and obtain NOC from Income Tax Department and other departments, if applicable, to close the company.

The process may cost you about Rs 1 Lakh at least and may involve a time frame of at least 6 months.

Hi

This would require Form STK 2 along with indemnity bond, affidavits, special resolutions etc which would require a CA to complete all the formalities.

You may consult a local CA for the same.

HI,

There are two ways to go ahead with the closure of the company:

1. Fast track exit mode

2. Voluntary winding up

FTE mode is easier and less expensive than the other one. But for filings you would need a CA/CS for some certifications. But whether FTE is applicable to your company or not, there are certain parameters to check that whch are as follows:

There are two main criteria:-

•The company applying under FTE should not have any asset and liability.

•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.

Given that in your case also, its non operational for more than a year, you may go ahead with this Fast Track exit mode.

The main process includes the following steps/procedure:

The Company desirous to get its name struck off from the Register shall file an application in the prescribed Form FTE online with the Registrar. The form shall be accompanied with an affidavit, an indemnity bond, statement of account duly certified by a Chartered Accountant in practice or auditor of the company and copy of board resolution showing authorization for filing the form.

Hope this helps !

Thanks

Damini

Since there are no operational transactions for the last 2 years, you can go for the fast track exit option. There are a number of formalities that needs to be complied with and my suggestion is to get in touch with a local CA who can help you with the various compliances.

Regards,

Nikhil.

Dear Sir,

The Company desirous to get its name struck off from the Register shall file an application in the prescribed Form FTE (Fast Track Exit) online with the Registrar. The form shall be accompanied with an affidavit, an indemnity bond, statement of account duly certified by a Chartered Accountant in practice or auditor of the company and copy of board resolution showing authorization for filing the form

Applicant is required to file an application in the prescribed Form FTE along with prescribed fee of Rs. 5,000/-.

When the company last filed its annual statements and financial statements.

Thanks

Since your company is not operational since last year,you can opt for Fast track exit option.

It requires several procedural formalities and certification so you need CA/CS for the same.

Fess varies from person to person.