Fte mode

Let there is a A Private Limited company. The Company has been incorporated in the year 2011. The Status of the Company is "ACTIVE" as per the MCA portal. The Company has not started any business since incorporation. Now the Company is willing to Strike Off its name from the ROC under Fast Track Exit Mode (FTE) mode.

There are two Directors in the Company. The two Directors are also the only two Members (Subscribers to the Memorandum) of the Company. First Director are the Subscribers of 8000 Shares (8000*Rs.10) and another Director are the subscribers of 2000 Shares (2000*Rs.10). But the members had never paid the subscripttion amount.

One of the conditions of the FTE is Nil Assets and Liabilities of the Company. Can the Company go for FTE mode.