CS Executive · Company Law and Practice · Dormant Company
Kaveri Traders Ltd has been granted dormant status. To retain that status in the register of dormant companies, which set of obligations does Section 455(5) place on it?
A dormant company must keep the prescribed minimum number of directors, file the prescribed documents and pay the prescribed annual fee to the Registrar. Section 455(5) makes these the conditions for retaining dormant status in the register.
- AHold quarterly general meetings and appoint a company secretary
- BMaintain the prescribed minimum number of directors, file prescribed documents and pay the prescribed annual feeCorrect
- CPay a one-time fee at the time of grant and file nothing further
- DMaintain a minimum paid-up capital fixed by the Tribunal
Explanation
Section 455(5) requires a dormant company to have such minimum number of directors, file such documents and pay such annual fee as prescribed to retain its status. A one-time fee or a Tribunal-fixed capital is not what the section provides.
Did you get it right without looking?
One question tells you little. A timed set on Dormant Company shows your real accuracy, how long you take and where you lose marks.
More Dormant Company questions
- Tara Ventures Ltd obtained dormant status last year. It now wishes to resume business. Under section 455, what is the route for it to become…
- Anand Projects Ltd has carried on no business for two immediately preceding financial years and has not applied for dormant status within th…
- Rohan Exports Pvt Ltd, a dormant company, now wishes to resume business. Under section 455, how can it again become an active company?
- Arjun Pvt Ltd, an inactive company, paid ROC filing fees, made payments to meet statutory requirements, and paid office rent and record main…
- Sagar Realty Ltd has not filed financial statements or annual returns for two financial years consecutively and has made no application for …
- Vistara Heritage Pvt Ltd was incorporated to hold a trademark it acquired for a brand it plans to launch later. It has had no significant ac…