Fast track exit of the company

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MRS.REEMA KHADE-SHIKHARE (Querist)
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24 February 2016 If company has Previous year business transaction how to go for FTE scheme. As per Section 248 of the co. Act 2013 we can go for FTE by a special resolution or consent of 75% members in terms of paid-up share capital but this section till yet not enforced and co. wants to go for FTE then what is the solution for this.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 February 2016 Can't choose FTE since condition as in clause 1(a)(ii) of General Circular 36/2011 dated 7.6.2011.

Ps:- Section 560 of 1956 act prevails since section 248 of 2013 act is not enforced.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 February 2016 Can't choose FTE mode since condition as in clause 1(a)(ii) of General Circular 36/2011 dated 7.6.2011 is not satisfied.

Ps:- Section 560 of 1956 act prevails since section 248 of 2013 act is not enforced.

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MRS.REEMA KHADE-SHIKHARE

MRS.REEMA KHADE-SHIKHARE (Querist)
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24 February 2016 Thank you sir for solving this query