CS Executive · Company Law and Practice · Dormant Company
Kaveri Traders Pvt Ltd has not filed its financial statements or annual returns for two consecutive financial years and has made no application for dormant status. Under section 455, what is the Registrar's course of action?
The Registrar issues a notice to the company and enters its name in the register of dormant companies. Section 455(4) applies where financial statements or annual returns have not been filed for two consecutive financial years, and it works without any application from the company.
- AIssue a notice to the company and enter its name in the register of dormant companiesCorrect
- BWait for the company's application and take no step until then
- CImmediately file a winding-up petition before the Tribunal
- DDirect the company to appoint an auditor and withdraw the default
Explanation
Section 455(4) states that where a company has not filed financial statements or annual returns for two financial years consecutively, the Registrar shall issue a notice to it and enter its name in the register maintained for dormant companies. No application by the company is needed.
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
- Lakshya Traders Pvt Ltd has not filed financial statements or annual returns for two consecutive financial years and has not applied for dor…
- Meridian Heritage Pvt Ltd, which holds a dormant-company certificate, wants to resume trading. Under the Companies Act, 2013, how can it bec…
- Vistara Heritage Pvt Ltd was incorporated to hold a trademark it acquired and has made no significant accounting transaction since. Its dire…
- Which statement about the register of dormant companies and retention of dormant status is correct under section 455?
- Veda Holdings Pvt Ltd has been a dormant company for three years. Its directors now wish to resume business operations. Under the Companies …
- Meru Infra Ltd applied for dormant status. On considering the application, what is the Registrar's duty under section 455 of the Companies A…