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A Company closure is filed under Form STK 2 (Earlier form was FTE) along with the government fees of Rs.5000/- and some necessary docs. However it is important to note the cases where closure can be filed. A Company closure can be filed after the following steps:
The first step is to repay all the liabilities of the company and ask for written No Objection Certificate from them. Nidhi Company involves a lot of deposits and hence NOC has to be taken from every member of the Company.
This is a very new requirement which is to be complied for Nidhi Limited Company closure. To wind up the company, you need at least 75% consent of the shareholders/members of the company Further, one director is also needs to be notified to take care of all the responsibility for company closure.
A Nidhi company , is one that belongs to the non-banking Indian finance sector and is recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.
Yes, it is a mandatory process to solve as the MCA database has to stay updated that the company is free from all the legal ties.
The primary factor is that the company must at least be 1 year old in terms of nature of functioning in order to apply for closing.
The Form has to filled be filed with ROC office within 30 days from the date of Signing of the Statement of Assets and Liabilities.
FTE is a company closure scheme initiated by MCA for easy and faster closure of Company. This is a mandatory thing to address in order to close a company.