CS Executive · Company Law and Practice · Dormant Company
Which statement about the register of dormant companies and retention of dormant status is correct under section 455?
The Registrar maintains the register of dormant companies, and the company must keep the prescribed minimum number of directors, file prescribed documents and pay the prescribed annual fee to retain its status. Failure leads the Registrar to strike its name off that register.
- AThe Registrar maintains the register, and the company must meet prescribed minimum directors, documents and annual fee to retain statusCorrect
- BThe Central Government maintains the register, and no fee is payable
- CThe company maintains the register and files it with the Tribunal
- DDormant status continues indefinitely regardless of compliance
Explanation
Section 455(3) makes the Registrar maintain the register. Section 455(5) requires a dormant company to have the prescribed minimum directors, file prescribed documents and pay the prescribed annual fee to retain status. Under 455(6) the Registrar strikes off a company that fails to comply from the register of dormant companies.
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