When existence of the Company as a legal entity comes to an end it is known as the Closure of the Company.

2. What is the difference between Closure, Winding up, Dissolution of Company? - Closure of the company is done voluntarily and is done through the fast track exit scheme. - Winding up of the company may be voluntary or by the order of the Court by appointing an official liquidator to monitor the process of winding up. - Dissolution is initiated by the Court for ending the legal existence of the Company.

FTE is a company closure scheme initiated by MCA for easy and faster closure of Company.

Any Company which is not a Section 8 Company and has been inoperative for more than 1 year from the date of its incorporation can apply for Closure of Company under FTE scheme.

Application for Striking off of the Company, Board Resolution for closure, Consent of Directors, Director's Affidavit, Indemnity Bond, Statement of Assets and Liabilities.

Form FTE

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.