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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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Press Information Bureau
Government of India
Ministry of Corporate Affairs
30-August-2012 16:54 IST
Registration of a Company
The Government is aware that a number of companies registered are not in operation for a long time. There are 1,46,316 dormant companies as on 23.08.2012. The Ministry of Corporate Affairs has launched “Fast Track Exit Mode” w.e.f. 03.07.2011 to provide an opportunity for defunct companies under section 560 of the Companies Act, 1956 for getting their names struck off from the register maintained by the Registrar of Companies.
This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Lok Sabha today.
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Fast Track Exit Mode enables defunct companies to apply for administrative strike-off to cleanse the companies register. To address registrational inaccuracy from long-inactive entities, the Ministry of Corporate Affairs introduced the Fast Track Exit Mode to allow eligible defunct or dormant companies to seek administrative removal from the register maintained by the Registrar of Companies, providing an expedited mechanism for company strike-off under the statutory exit framework.Press 'Enter' after typing page number.