Defunct Company: Methods to Fast track exit

By |2019-06-28T11:52:02+00:00June 28th, 2019|Categories: Company Articles|Tags: , , , , , , , , , , , , |

Introduction Defunct Company is a company which does not have any asset or any liability. The Defunct company that fails to commence business in its first year of establishment. On the 5th of  April 2017, the most awaited procedure of Fast track Exit is activated. Section 248 of the Companies Act 2013 deals with the fast-track exit procedure. Strike Off [...]

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MGT-14: Compliance, STP, Penalty and Download

By |2020-03-16T09:21:40+00:00April 29th, 2019|Categories: Company Articles|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Form MGT-14 was introduced in the Companies Act 2013. The purpose was that certain resolutions need to be filed with the Registrar of Companies, after the passing of the same at a Board meeting or the one held by Shareholders/Creditors of the company. As per Section 117(3), a copy of every resolution or any agreement, together with [...]

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