Fast Track Exit Mode
Fast Track Exit Mode (FTE) is introduced by Ministry of Corporate Affairs for giving opportunity to non-operating companies for getting their names struck off from the records of Ministry of Corporate Affairs. FTE is an easy mode of closing non-operating companies at cheaper cost with lesser formalities as compared to earlier Schemes for Exit of non-operating companies.

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Which Companies Can Apply
  • Extinguishment of all liabilities
  • Special resolution or consent of 75% members in terms of paid-up share capital

Which Companies Can't Apply
  • Listed companies
  • Companies that have been de-listed due to non-compliance of Listing Agreement or any other statutory Laws,