Company Law - PROVISIONS UNDER THE ACT MEANING Where a company is formed and registered under this 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 Company, may make an application to the Registrar in such manner as may be prescribe...
Read MoreCompany Law - Applicable Provisions: Section 455 of the Companies Act, 2013 Where a company is formed and registered for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such company or an inactive company may make an application to the Registrar for obtaining a status of the dormant company. ...
Read MoreCompany Law - WHO CAN APPLY FOR DORMANT COMPANY STATUS? – Company for a future project and has no signification accounting transactions – Company holds an assets or intellectual property and has no signification accounting transactions 1. “Significant Accounting Transaction” means any transaction other than— Payment of fees to ROC...
Read MoreCompany Law - SECTION 455: DORMANT COMPANY (1) Where a company is formed and registered under this 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 company may make an application to the Registrar in Form MSC-1 for obtaining the status of […]...
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