• Skip to Main Content
  • Forms & Downloads
  • Sitemap
Font Size IncreaseFont A DecreaseFont Language:    userLogin   Sign In / Sign Up
Ministry of Corporate Affairs, Govt. of India. Emblem of India Image
Ministry of Corporate Affairs, Govt. of India. Emblem of India Image
responsive navigation

  • Home
  • Hindi Home
  • About MCA
    • About MCA
    • Citizens Charter
    • MCA Induction Material
    • Results-Framework Document
    • Right to Information
    • plusAffiliated Offices
      • Company Law Board
      • Serious Fraud Investigation Office
      • Competition Commission of India
      • Indian Institute of Corporate Affairs
  • Acts & Rules
    • Companies Act
    • Limited Liability Partnership Act, 2008
    • Insolvency and Bankruptcy Code, 2016
    • Competition Act, 2002
    • Partnership Act, 1932
    • Chartered Accountants Act,1949
    • Cost and Works Accountants Act, 1959
    • Company Secretaries Act, 1980
    • Societies Registration Act, 1860
    • Companies (Donation to National) Fund Act, 1951
    • Other Circulars
  • MY WORKSPACE
  • Plus imageMCA SERVICES
    • Plus imageDSC Services
      • Acquire DSC
      • Register DSC
      • Update DSC
    • Plus imageDIN Services
      • Apply for DIN
      • Enquire DIN Status
      • Verify DIN PAN Details of Director
    • Plus imageMaster Data
      • View Company or LLP Master Data
      • View Index of Charges
      • View Signatory Details
      • View Companies/Directors under Prosecution
      • Companies/LLP's Registered in Last 30 days New Link
      • View Director/Designated Partner's Details   lock icon
      • Advanced Search  lock icon
    • Plus imageLLP Services
      • About e-Filing for LLP
      • Check LLP Name
      • Find LLPIN
      • Incorporation
      • Annual e-Filing for LLP
      • Change of Company into LLP
      • Change of LLP Information
      • Close LLP
    • Plus imagee-Filing
      • LLP Forms Download
      • Company Forms Download
      • Upload eForms   lock icon
      • Download Submitted Form for resubmission    lock icon
      • Check Annual Filing Status
      • Upload Details Of Security Holders/Debenture Holders/Depositors  lock iconnew link
    • Plus imageLLP Services for Business User
      • Enter/Update Partner Details  post login service
      • Enter Form 3 Or Form 3&4 Details For LLP Filing   
      • Verify Partners Details for Filling Annual Return  post login service
    • Plus imageCompany Services
      • Check Company Name
      • Find CIN
      • Incorporation
      • Compliance Filings
      • Approval Services
      • Change Company Information
      • Charge Management
      • Informational Services
      • Close Company
    • Plus imageComplaints
      • Create Service Related Complaint
      • Track Service Related Complaint Status
      • Create Investor/Serious Complaint new link
      • Track Investor/Serious Complaint Status
      • Feedback / Suggestions
      • Employee Grievance new link
    • Plus imageDocument Related Services
      • Get Certified Copies
      • View Public Documents
      • Request for Scanned Documents    lock icon
    • Plus imageFee and Payment Services
      • Enquire Fees
      • Pay Later    lock icon
      • Link NEFT Payment    lock icon
      • Pay Miscellaneous Fee    lock icon
      • Pay Stamp Duty    lock icon
      • Track Payment Status
    • Investor Services
    • Track SRN / Transaction Status    lock icon
    • Address for sending physical copy of G.A.R. 33
    • Public Search of Trademark  External Link
  • Data & Reports
    • Plus imageReports
      • Annual Reports
      • Report on Nidhi Companies
      • Monthly MCA Newsletters
      • Monthly Information Bulletin
      • Other Reports
    • Plus imagecompany/LLP Information
      • Master Details
      • Incorporated or Closed during the month
      • Based on Activity
      • Based on Ownership
      • Under Alert
      • Forms filed under FTE
      • List of LLP who have filed Form 24
    • Plus imageCompany Statistics
      • Indian and Foreign Companies,LLPs
      • Paid Up Capital Reports-Companies Limited By Share
      • CSR Data and Summary
  • E-Consultation
  • Plus imageHelp &FAQs
    • Help on using the MCA Portal
    • Video Based Tutorial - CBT
    • System Requirements
    • XBRL
    • User Registration
    • Plus imagee-Filing
      • Prerequisite Software for e-Filing
      • Annual e-Filing
      • Linked e-Filing
    • Plus imageDSC
      • Digital Signature Certificate
      • Associate DSC
    • Cancel SRN due to Unsuccessful Payment
    • Corporate Social Responsibility
    • SOP for Grievance Redressal Mechanism
    • New MCA Website New link image
    • E-Book New link image
    • E-Consultation New link image
    • Central Registration Center(CRC)
    • Plus imagePayment
      • Refund
      • Pay Later
      • NEFT
      • eStamp
      • Rates of Stamp Duty
      • List of Authorised Banks
      • Stamp Duty Payment for LLP
    • Limited Liability Partnership
    • One Person Company
    • DIN Process
    • Other Services
    • List of CFC's
    • RUN Service
    • SPICe+ Forms
    • Video Demo on SPICe+
    • AGILE-PRO Form
    • SPICe Forms
  • Contact Us
    • Minister of Corporate Affairs
    • MoS. for Corporate Affairs
    • List of Officials at Head Quarters
    • Regional Directors
    • Registrar of Companies
    • Official Liquidators
    • Cost Audit Branch (CAB)
    • Nodal Officers
    • Liaison Office for SC/ST/OBC
    • Staff Grievance Officer
    • Contact us
  • Home
  • About MCA

    about MCA

    about MCA Visit these pages to find out all about MCA. Includes information on MCA's main functions and other details about the Ministry.
  • Acts & Rules

    acts & rules

    ActsandRule Image Get to know the Acts, Rules, Notifications, Circulars etc.
  • My Workspace
     
  • My Application
     
  • MCA Services
    • DSC Services
      • Acquire DSC
      • Associate DSC
      • Update DSC
    • DIN Services
      • Enquire DIN Status
      • Verify DIN PAN Details of Director
    • Master Data
      • View Company or LLP Master Data
      • View Index of Charges
      • View Signatory Details
      • View Companies/Directors under Prosecution
      • Companies/LLP's Registered in Last 30 days 
      • View Director Master Data
      • View Director/Designated Partner's Details   lock icon
      • Advanced Search  lock icon
    • LLP Services
      • Check LLP Name
      • Find LLPIN
    • e-Filing
      • LLP Forms Download
      • Company Forms Download
      • Upload eForms   lock icon
      • Download Submitted Form for resubmission    lock icon
      • Check Annual Filing Status
      • Upload Details Of Security Holders/Debenture Holders/Depositors  lock icon
      • Update Subsidiary Details  lock icon
    • Company Services
      • Check Company Name
      • Find CIN
      • CSR-2lock iconnew
      • Incorporation
      • Compliance Filing
      • Approval Services
      • Change Company Information
      • Charge Management
      • Informational Services
      • Close Company
    • Complaints
      • Create Service Related Complaint
      • Track Service Related Complaint Status
      • Create Investor/Serious Complaint 
      • Track Investor/Serious Complaint Status
      • Feedback / Suggestions
      • Employee Grievance 
    • Document Related Services
      • Get Certified Copies
      • View Public Documents
      • Request for Scanned Documents    lock icon
    • Fee and Payment Services
      • Enquire Fees
      • Pay Later    lock icon
      • Link NEFT Payment    lock icon
      • Pay Miscellaneous Fee    lock icon
      • Pay Stamp Duty    lock icon
      • Track Payment Status
      • Generate SRN For Offline Payment  lock icon
    • Investor Services
      • IEPF-5    New  New
      • Track IEPF-5 SRN    New  New
    • ID Databank Services
      • Individual Registration    New  New
      • Corporate Registration    New  New
    • Track SRN / Transaction Status    lock icon
    • Address for sending physical copy of G.A.R. 33
    • Public Search of Trademark  External Link
    • Notices Under Section 248(2)
  • Data & Reports

    Data & Reports

    statistics View this section for all the latest information about MCA and the reports published by the Ministry.
  • E-Consultation

    E-Consultation

  • Help & FAQs
    • Help on using the MCA Portal
    • Video Based Tutorial
    • Viewing File Formats
    • System Requirements
    • XBRL
    • User Registration
    • DSC
      • Digital Signature Certificate
      • Associate DSC
      • DSC Requirements
      • DSC Association FAQsNew link image
    • e-Filing
      • Prerequisite Software for e-Filing
      • Annual e-Filing
      • Linked e-Filing
      • Filing Steps and FAQs of Form 3 LLP New link image
    • Cancel SRN due to Unsuccessful Payment
    • Corporate Social Responsibility
    • SOP for Grievance Redressal Mechanism
    • New MCA Website New
    • E-Book New
    • E-Consultation New
    • Central Registration Center(CRC)
    • Payment
      • Refund
      • Pay Later
      • NEFT
      • eStamp
      • Rates of Stamp Duty
      • List of Authorised Banks
      • Stamp Duty Payment for LLP
    • ACTIVE
    • LLP
    • One Person Company
    • DIN Process
      • DIR-3 KYC
    • Other Services
    • List of CFC's
    • RUN Service
    • SPICe+ Forms
    • EODB SPICe+ Video
    • AGILE-PRO-S Form
    • Informational Messages for Stakeholders
    • e-filing Help Kits New link image
    • 46 Forms FAQs New link image
    • SPICe+ & linked filings FAQs New link image
    • Presentation on newly launched 56 Company Forms New link image
    • Webinar on V3 User Login & Registration and Company Go-Live New link image
    • Process for DSC Registration New link image
    • Process for User Registration New link image
  • Contact Us

    contact us

    contacts Need to contact us? Visit these pages to know key MCA contacts and how to reach them.

MCA SERVICES

  • Home >
  • MCA Services >
  • Fast Track Exit Mode
  • MCA Login
  • DSC Services
    • Acquire DSC
    • Associate DSC
    • Update DSC
  • DIN Services
    • Apply for DIN
    • Enquire DIN Status
    • Verify DIN PAN Details of Director
    • DIR-3-KYC-WEB
  • Master Data
    • About Master Data
    • View Company or LLP Master Data
    • View Index of Charges
    • View Signatory Details
    • View Companies/Directors under Prosecution
    • View Director Master Data
    • View Designated Partner's Details
    • Advanced Search
  • LLP Services
    • About e-Filing for LLP
    • Check LLP Name
    • Find LLPIN
    • Incorporation
    • Annual e-Filing for LLP
    • Change LLP Information
    • Close LLP
  • LLP Services for Business User
    • Enter/Update Partner Details
    • Enter Form 3 Or Form 3&4 Details For LLP Filing
    • Verify Partners Details for Filling Annual Return
  • e-Filing
    • Forms & Downloads
    • LLP Forms Download
    • Company Forms Download
    • Upload eForms
    • Download Submitted Form For resubmission
    • Check Annual Filling Status
    • Upload Details of Security Holders/Debenture Holders/Depositors
    • Prerequisite for Virtual e-Filing
  • Company Services
    • Check Company Name
    • Find CIN
    • SPICe+
    • Incorporation
    • Compliance Filing
    • Approval Services
    • Change Company Information
    • Web Information Manager
    • Informational Services
    • Close Company
  • Complaints
    • Create Service Related Complaint
    • Track Service Related Complaint Status
    • Create Investor/Serious Complaint
    • Track Investor/Serious Complaint Status
    • Feedback / Suggestions
    • Employee Grievances
  • Document Related Services
    • Get Certified Copies
    • View Public Document
    • Request for Scanned Documents
  • Fee and Payment Services
    • Enquire Fees
    • Pay Later
    • Link NEFT Payment
    • Pay Miscellaneous Fee
    • Pay Stamp Duty
    • Track Payment Status
    • Generate SRN For Offline Payment
  • Investor Services

FAQs on Fast Track Exit Mode

Close Company (Company Services)

  • 1

    What is Fast Track Exit (FTE) Mode?

    Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 in time bound manner.

  • 2

    What is the date of implementation of these Guidelines?

    The Guidelines will be implemented with effect from 3rd July, 2011.

  • 3

    What are the main criteria for making an application under FTE?

    There are two main criteria:-

    •The company applying under FTE should not have any asset and liability.

     

    •The company should not have commenced any business activity or operation since incorporation or at least one year must has been passed since last business activity or operation.

  • 4

    Can a dormant company apply under FTE?

    Yes, any company, which has been identified as dormant by the Ministry of Corporate Affairs, can apply under FTE. Such companies need not to file Form GNL-1 for normalizing.

  • 5

    Can a company identified as defaulting company apply under FTE?

    Any company, which has not filed its statutory documents i.e. Balance Sheet and Annual Return for any of the financial year 2006-07, 2007-08, 2008-09 and 2009-10, has been identified as defaulting company. Directors of such companies are debarred from filing any document till they make the default good. Such defaulting companies can apply under FTE.

  • 6

    Which are the companies to whom FTE is not applicable?

    The guidelines does not inter-alia cover the listed companies, companies that have been de-listed due to non-compliance of listing agreement or any other statutory Laws, section 8 companies, vanishing companies, companies under inspection/investigation, companies against which prosecution for a non-compoundable offence is pending in court, companies having outstanding public deposits or secured loan or dues towards banks and financial institutions or any other Government Departments etc. or having management dispute or company in respect of which filing of documents have been stayed by court or CLB or Central Government or any other competent authority.

    For details, kindly refer general circular number 36/2011 dated 7.6.2011 available on MCA portal www.mca.gov.in

  • 7

    What is the procedure for making application for striking off the name under FTE?

    The Company desirous to get its name struck off from the Register shall file an application in the prescribed Form FTE online with the Registrar. The form shall be accompanied with an affidavit, an indemnity bond, statement of account duly certified by a Chartered Accountant in practice or auditor of the company and copy of board resolution showing authorization for filing the form

  • 8

    Is there any fee for filing Form FTE?

    Yes, applicant is required to file an application in the prescribed Form FTE along with prescribed fee of Rs. 5,000/-

  • 9

    Who can sign Form FTE? Whether digital signature of authorised signatory of the company is a mandatory requirement for filing the Form FTE?

    •In case there are active signatories of the company existing in the MCA21 system, then the Form shall have to be mandatorily digitally signed by the authorised signatory of the company.

    •In case no active signatories are existing in the MCA 21 system, then a physical copy of the Form duly filled in, shall have to be signed manually by a director authorised by the Board of Directors of the company and shall be attached with the Form. Such form will be uploaded by the practicing professional (i.e. CA/CS/CWA), who has certified the form.

    In such case, the application shall be accompanied by certificate from a CA/CS/CWA in whole time practice along with their membership number, certifying that the applicants are present directors of the company. In such cases, the applicants shall not be asked to file Form DIR-12 and DIN Form.

    In all cases, certification by a practicing professional (i.e. CA/CS/CWA) is mandatory.

  • 10

    What will happen, if there is pending prosecution against the company and its directors?

    If the pending prosecutions are only for non-filing of Annual Returns under section 159 and Balance Sheet under section 220 of the Act, such application may be accepted provided the applicants have already filed the compounding application. However, steps for final strike of the name of the company will be taken only after disposal of compounding application by the competent authority.

  • 11

    How the foreign nationals will get their Indemnity Bond and Affidavit notarized?

    Foreign nationals and NRIs may get their Indemnity Bond and Affidavit notarized as per their respective country’s law.

  • 12

    In case any stakeholder has any objections to the Striking off the name of any company from the Register, what shall be done in such case?

    List of applications filed under FTE will be available on the portal. In case any stakeholder has any objections to the Striking off the name of any company, he/she may raise such objection by email/letter with the concerned ROC Office within 30 days from the date of filing Form FTE by the company.

PlusQUICK LINKS

Quick Links

PMO  External Link image
ICAI(CA)  External Link image
IRDA  External Link image
BSE  External Link image
NFCG  External Link image
RTI Online  External Link image
SEBIExternal Link image
ICSI(CS)  External Link image
Trademarks Portal  External Link image
Invest India  External Link image
In.Registry  External Link image
Public Grievance Portal  External Link image
MyGov.in  External Link image
Principal Accounts Office  
NVS Portal  External Link image
Latest News  External Link image
Website Policies  
IEPFA Portal  External Link image
RBI  External Link image
Feedback/Suggestion  External Link image
Institute of Cost Accountants of India  External Link
NSE  External Link image
Participate in the Fight Against Corruption  External Link image
Contact Us  External Link image
XBRL  
This site is owned by Ministry of Corporate Affairs.

The site is best viewed in Microsoft Edge 89.0 , Firefox 83.0 or Chrome 89.0