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CS Executive · Company Law and Practice · Dormant Company

Meghdoot Holdings Pvt Ltd was incorporated only to hold a trademark for a future project and has made no significant accounting transaction. Under the Companies Act, 2013, which authority issues the certificate granting it the status of a dormant company on application?

The Registrar issues the dormant company certificate. After considering the application under section 455, the Registrar allows the status and issues a certificate in the prescribed form. The Tribunal, SEBI and the Central Government are not the authority for granting this status.

  1. AThe RegistrarCorrect
  2. BThe National Company Law Tribunal
  3. CThe Central Government directly
  4. DThe Securities and Exchange Board of India

Explanation

Section 455(2) provides that the Registrar, on considering the application, allows dormant status and issues a certificate in the prescribed form. The Tribunal has no role in granting this status. SEBI and the Central Government do not issue the certificate.

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