Steps for striking the name of the Company off the Register under Section 560 of the Companies Act, 1956

Steps for striking the name of the Company off the Register under Section 560 of the Companies Act, 1956

1.      Hold a Board Meeting after giving notice to all the Directors and pass resolutions for making application for striking the name of the Company off the Register and for closure of Company’s current account(s).

2.      Make an application to the Bank(s) for closure of current account along with certified true copy of board resolution for closure of bank account. Surrender cheque book and other things to the bank. Ask for bank statement upto closure of the current account.

3.      Handover bank statement to the Statutory Auditor or Chartered Accountant for preparation of Statement of Accounts. The statement of accounts prepared as on date shall not be prior to more than one month preceding the date of filing of application in Form FTE.

4.  Once statement of accounts is prepared and signed, prepare affidavit and indemnity bond as per the requirements of FTE guidelines.

5.      File form FTE with the concerned Registrar of Companies together with all the attachments.

6.     The list of companies which have applied for striking off their name from the Register under the Fast Track Exit will be displayed on MCA21 portal. In case any stakeholder has any objections to the same, he/she may raise such objection to the concerned ROC Office within 30 days from the date of filing Form FTE.