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CS Executive · Company Law and Practice · Legal Status and Types of Registered Companies

Tara Innovations Pvt Ltd holds dormant status. The Registrar finds that it has failed to comply with the requirements of section 455 for retaining that status, such as filing prescribed documents and paying the annual fee. What can the Registrar do?

The Registrar shall strike off the company's name from the register of dormant companies. Section 455(6) provides this consequence when a dormant company fails to meet the section's requirements, such as the prescribed minimum directors, documents and annual fee to retain dormant status.

  1. AStrike off the name of the company from the register of dormant companiesCorrect
  2. BConvert it into a Section 8 company
  3. CDissolve the company by an order under section 455 itself
  4. DAllow the status to continue without any consequence

Explanation

Section 455(6) says the Registrar shall strike off the name of a dormant company from the register of dormant companies if it has failed to comply with the requirements of the section. This concerns the register of dormant companies, not conversion or dissolution of the company under this sub-section.

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