companies act 2013 Dormant company cs notes

Posted on 22-03-2016        By ADMIN

 companies act 2013 Dormant company

The companies Act 2013  states that a company can be classified as dormant when it is formed and registered under this 2013 Act for a future project or to hold an asset or intellectual property and has no significant accounting transaction. 

Such a company or an inactive one may apply  to the ROC in such manner as may be prescribed for obtaining the status of a dormant company.[Section 455 of 2013 Act]

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