Fast Track Exit for defunct companies enables streamlined striking off following prescribed certification, affidavit and notice procedures. Fast Track Exit provides a streamlined procedure for striking off defunct companies with nil assets and liabilities: apply electronically in Form FTE with a filing fee; submit certification by a practising professional, director affidavits, notarised indemnity bonds, and a recent certified statement of account; Registrar issues a thirty day show cause notice and posts applications for public objection; regulators and tax authorities are notified; absent objections and on satisfaction, the Registrar strikes the name off the register and publishes dissolution in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Fast Track Exit for defunct companies enables streamlined striking off following prescribed certification, affidavit and notice procedures.
Fast Track Exit provides a streamlined procedure for striking off defunct companies with nil assets and liabilities: apply electronically in Form FTE with a filing fee; submit certification by a practising professional, director affidavits, notarised indemnity bonds, and a recent certified statement of account; Registrar issues a thirty day show cause notice and posts applications for public objection; regulators and tax authorities are notified; absent objections and on satisfaction, the Registrar strikes the name off the register and publishes dissolution in the Official Gazette.
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