CS Executive · Company Law and Practice · Dormant Company
Under section 455(5) and (6), what happens to a dormant company that fails to comply with the requirements to retain its dormant status, such as filing prescribed documents or paying the annual fee?
The Registrar strikes off the company's name from the register of dormant companies. Section 455(6) provides this where a dormant company fails to meet the requirements of the section, such as the prescribed minimum directors, document filing and annual fee needed to retain dormant status.
- AThe Registrar strikes off its name from the register of dormant companiesCorrect
- BIt automatically becomes a section 8 company
- CThe Tribunal must appoint a liquidator immediately
- DIt is converted into a public company
Explanation
Section 455(5) requires a dormant company to keep the prescribed minimum directors, file documents and pay the annual fee. Section 455(6) says the Registrar shall strike off the name of a dormant company from the register of dormant companies if it fails to comply.
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…
- 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…
- Kaveri Traders Ltd has been granted dormant status. To retain that status in the register of dormant companies, which set of obligations doe…