CS Executive · Company Law and Practice · Dormant Company
Kaveri Ventures Ltd has not carried on any business, and has not filed financial statements or annual returns for two consecutive financial years. It never applied for dormant status. What does Section 455(4) of the Companies Act, 2013 require the Registrar to do?
The Registrar must issue a notice to the company and enter 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. It does not provide for immediate striking off.
- AIssue a notice to the company and enter its name in the register maintained for dormant companiesCorrect
- BImmediately strike off the name and treat the company as dissolved
- CApply to the Tribunal for winding up of the company
- DWait for the company to apply and take no action until then
Explanation
Under Section 455(4), where a company has not filed financial statements or annual returns for two consecutive financial years, the Registrar issues a notice to it and enters its name in the register of dormant companies. Immediate striking off is not what this sub-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…
- Arjun Pvt Ltd, an inactive company, paid ROC filing fees, made payments to meet statutory requirements, and paid office rent and record main…
- 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…
- Which statement about the register of dormant companies and retention of dormant status is correct under section 455?
- Ruchi Infra Ltd is on the register of dormant companies but fails to comply with the requirements of Section 455, such as filing documents a…