Closure of private limited company

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Querist : Anonymous

Querist : Anonymous (Querist)

10 September 2015 Respected Member

We have incorporated private limited company before 3 years, and no transactions have been made since now. We wants to close the company. We haven't done Audit & MCA fillings including AGM. Kindly guide how can i close the company with simplified legal procedure.

Thank You

Pratik Shah

Pratik Shah (Expert)
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10 September 2015 Yes..you can close company under Fast Track Exit Scheme.
Please refer the Circular and scheme on MCA website.

If you require nay help, please write to me.

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Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 Resolution of the company has been passed before one and half month. whether is it valid or new resolution required. Sir, also tell me whether capital & debit balance of p&l shall be squarred off or shall remain as it is i.e. share capital Rs.100000/- & debit balance of p&l Rs.100000/-???

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Pratik Shah

Pratik Shah (Expert)
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30 November 2015 One and half month resolution would be fine. However, Statement of Accounts should not be older than one month before the date of filing of Form FTE.
Yes, it shall remain as capital - 1 Lac and P&L - 1 Lac.

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