TMI BlogClosing of Foreign Subsidiary company In IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... We want to close foreign subsidiary company in India. What is the procedure and related forms that need to be filed with MCA? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You have to comply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with the provisions relating to voluntary closure under the Companies Act, 1956 . - Reply By Ganeshan Kalyani - The Reply = In my view Companies Act 1956 is superceded by Companies Act 2013 . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By MARIAPPAN GOVINDARAJAN - The Reply = The provisions relating to closure/winding up of the company in Companies Act, 2013 have not yet come into force. As such the Companies Act, 1956 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is to be followed. - Reply By Ganeshan Kalyani - The Reply = Thanks Sir. Noted. - Reply By Mahir S - The Reply = Sir, To the best of my knowledge, there are 3 avenues for closure of foreign subs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... idiary in India. They are as follows : Fast track exit scheme (FTE), transfer of shares of company and voluntary winding up of company. The procedure under the first one above is more easier ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... compared to the second and third avenues. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I agree with the views of Shri S. Mahir - Closing of Foreign Subsidiary company In India - Query Started B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y: - anu malve Dated:- 11-1-2016 Corporate Laws / SEBI / LLP - Got 6 Replies - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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