One of my friend is a promoter director in a Private Limited incorporated in 2004. Of the other Two directors, One director(MD as per Articles) was expired in 2005 and the other director is not traceable as he with his family permanently left Kerala. From the date of incorporation they have not started any commercial activity, had not started bank account, had not obtatined DIN and Digital Signature, had not filed any of the Forms with ROC.
In short, my friend is the only survivng director.
My doubt is,
Can he avail the benefit of this Scheme to exit?
As per articles Minimum 2 Directors are required and Minimum Quorum is also 2; How can he proceed to file the Form EES 2011?
What are documents he has to procure for submitting this form?
CAclubindia
