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section 560

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How to close / Wind Up / Strike off Company name

Company Law : Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to st...

June 17, 2012 6077 Views 0 comment Print

Summary of Guidelines for Fast Track Exit mode for defunct companies under section 560 of the Companies Act, 1956

Corporate Law : In order to give an opportunity for fast track exit by a defunct company for getting its name struck off from the ROC, the Ministr...

June 15, 2011 9286 Views 1 comment Print

FAQs on Easy Exit Scheme, 2011

Company Law : What is Easy Exit Scheme (EES), 2011? “Easy Exit Scheme, 2011” is a scheme to give opportunity to the defunct companies to get...

February 28, 2011 6144 Views 0 comment Print

Easy Exit Scheme, 2011 Extended for Another Three Months

Company Law : The Ministry of Corporate Affairs had decided to introduce a Scheme namely, ‘Easy Exit Scheme, 2011’ under Section 560 of the ...

February 6, 2011 488 Views 0 comment Print

Easy Exit Scheme, 2011- Key Highlights

Company Law : Any defunct company desirous of getting its name struck off from the Register under Section 560 of the Companies Act, 1956 shall ...

January 4, 2011 1777 Views 0 comment Print


Latest News


Govt planning to relax exit norms for not-for-profit companies

Company Law : Government is planning to relax exit norms for not-for-profit companies to allow them to de-register without having to follow cumb...

July 12, 2011 1039 Views 0 comment Print

Easy Exit Scheme 2010 provides easy exit to defunct companies

Company Law : THE government on Friday introduced a scheme that will facilitate easy exit for unlisted companies willing to wind up their defunc...

June 1, 2010 939 Views 0 comment Print


Latest Posts in section 560

Appeal before NCLT not maintainable as appellant is not member of the company

June 14, 2023 876 Views 0 comment Print

NCLAT Delhi held that an appeal under the Companies Act, 2013 would be available to a ‘person’ who is either a ‘Member’ of the Company or a ‘Creditor’ or a ‘Director’. Since, appellant is none of these, appeal before NCLT is not maintainable.

How to close / Wind Up / Strike off Company name

June 17, 2012 6077 Views 0 comment Print

Section 560, of the Companies Act, 1956, deals with strike off provisions of a defunct company. Any defunct company desirous to strike off its name from the register of Registrar of company can apply in Form FTE for strike off its name from the register maintained by ROC as per Guidelines for ‘FAST TRACK EXIT MODE’ issued vide General Circular No. 36/2011 dated 7.6.2011. Similarly, ROC has also power to strike off any defunct company after satisfying himself of the need to strike off a defunct company and has reasonable cause. But before passing any order in this regard, an opportunity of being heard must be provided to the defunct company by following the due procedure u/s 560.

Govt planning to relax exit norms for not-for-profit companies

July 12, 2011 1039 Views 0 comment Print

Government is planning to relax exit norms for not-for-profit companies to allow them to de-register without having to follow cumbersome regulations. The Ministry has been receiving representation from various stakeholders to develop a procedure for strike off name under section 560 of the Companies Act, 1956 of companies (non-profit companies) which have been granted licence under section 25 of the Companies Act, 1956, the MCA said in its proposal.

Proposed procedure to strike off name u/s 560 of Companies Act, 1956 of section 25 Companies

June 29, 2011 4145 Views 0 comment Print

Proposed guidelines for strike off name u/section 560 of the Companies Act, 1956 of companies (non profit companies) which have been granted license u/s 25 of Companies Act, 1956 By 15th July – The Ministry has been receiving representation from various stakeholders to develop a procedure for strike off name under section 560 of the Companies Act, 1956 of companies (non profit companies) which have been granted license under section 25 of the Companies Act, 1956. There are a number of section 25 companies which have not done any activity after obtaining license under section 25 or have stopped such activities, and now want to strike off their name under section 560 of the Companies Act, 1956.

Summary of Guidelines for Fast Track Exit mode for defunct companies under section 560 of the Companies Act, 1956

June 15, 2011 9286 Views 1 comment Print

In order to give an opportunity for fast track exit by a defunct company for getting its name struck off from the ROC, the Ministry Corporate Affairs (MCA), Government of India (GOI) has on 7 June 2011 decided vide General Circular No.36/2011 to modify the existing route through e-form – 61 and has prescribed the ‘Fast Track Exit mode Guidelines’ (the FTE Guidelines) for defunct companies under section 560 of the Act.

Guidelines for Fast Track Exit mode for defunct companies

June 7, 2011 16303 Views 0 comment Print

In order to provide regular route for fast track exit by defunct company, for getting its name struck off from the register of companies, Ministry of Corporate Affairs (MCA) has decided to modify the existing route through e-form 61 and has introduced Fast Track Exit mode for defunct companies under section 560 of the Companies Act, 1956. This scheme is launched to give an opportunity for fast track exit by a defunct company, for getting its name struck off from the register of companies. Such companies may make an application to the Ministry of Corporate Affairs in the eForm FTE, accompanied by filing fee of Rs. 5,000/-

FAQs on Easy Exit Scheme, 2011

February 28, 2011 6144 Views 0 comment Print

What is Easy Exit Scheme (EES), 2011? “Easy Exit Scheme, 2011” is a scheme to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956. 

Press Note 04/02/2011 – Easy Exit Scheme, 2011

February 9, 2011 348 Views 0 comment Print

In order to give an opportunity to the defunct companies, for getting their names strike off from the Register of Companies, the Ministry had decided to introduce a Scheme namely, “Easy Exit Scheme, 2011” under Section 560 of the Companies Act, 1956

Easy Exit Scheme, 2011 Extended for Another Three Months

February 6, 2011 488 Views 0 comment Print

The Ministry of Corporate Affairs had decided to introduce a Scheme namely, ‘Easy Exit Scheme, 2011’ under Section 560 of the Companies Act, 1956 for the period 01.01.2011 to 31.01.2011, in order to give an opportunity to the defunct companies, for g

Easy Exit Scheme, 2011- Key Highlights

January 4, 2011 1777 Views 0 comment Print

Any defunct company desirous of getting its name struck off from the Register under Section 560 of the Companies Act, 1956 shall make an application (accompanied by filing fee of Rs. 3000) in Form EES, 2011, electronically on the Ministry of Corpora