TMI BlogDe-Registration of not-for-Profit Companies.X X X X Extracts X X X X X X X X Extracts X X X X ..... De-Registration of not-for-Profit Companies. X X X X Extracts X X X X X X X X Extracts X X X X ..... T De-Registration of not-for-Profit Companies The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Government has not proposed to rela ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x existing norms for not-for-profit companies to allow them to de-register without having to follow cumbersome regulations as the Fast Track Exit Scheme introduced by the Ministry w.e.f. 03.07.2011 do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es not extend to companies under section 25 of the Companies Act, 1956 which are not for profit. Also the Government has not received representations from various stake holders to develop a procedure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to strike off names under Section 560 of the Companies Act, 1956 as this Ministry has already introduced a simplified scheme known as 'Fast Track Exit Scheme' w.e.f. 03.07.2011 for striking off the n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ames of the companies u/s 560 of the Companies Act, 1956.
The Minister was replying to a written question in this regard in the Rajya Sabha today.
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