MCA has taken a very good initiative by introducing the Fast Track Exit Mode for defunct companies on an on going basis w.e.f. 3rd July, 2011.
However, it is not clear whether the companies would be required to file all past Balance Sheet and Annual Returns etc. before making application for striking off the name under the Fast Track Mode.
The relevant MCA Circular giving details of the same can be accessed by clicking the link below:
http://www.mca.gov.in/Ministry/pdf/Circular_36-2011_07jun2011.pdf
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