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Dormant Company – Quiz to Test Your Knowledge !

Dormant Company

Companies Act,2013 has introduced various terms for ease and transparency of companies in India. Dormant Company is one of such concept. Section 45 of the Act defines Dormant Company as  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 prescribed for obtaining the status of a dormant company.

Being a Dormant Company offers great advantage by relaxing compliance of this Act and on the same time it can get status of an active company any time by following procedures made under the Act and Rules made thereunder. .
Here is a Quiz.

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