{"id":4894,"date":"2022-08-23T07:18:04","date_gmt":"2022-08-23T07:18:04","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=4894"},"modified":"2022-08-23T07:18:04","modified_gmt":"2022-08-23T07:18:04","slug":"dormant-company","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/dormant-company\/","title":{"rendered":"Overview Dormant Company under the company Act"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4526\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/06\/Applicable-Financial-Year-for-the-Company.jpg\" alt=\"Applicable Financial Year for the Company\" width=\"912\" height=\"607\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dceffd82cf0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dceffd82cf0\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/dormant-company\/#Dormant_Company\" title=\"Dormant Company\">Dormant Company<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/dormant-company\/#Meaning_of_Dormant_Company\" title=\"Meaning of Dormant Company\">Meaning of Dormant Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/dormant-company\/#Inactive_Company_means\" title=\"Inactive Company means:-\">Inactive Company means:-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/dormant-company\/#%E2%80%9CSignificant_accounting_transaction%E2%80%9D_means_any_transaction_other_than%E2%80%94\" title=\"\u201cSignificant accounting transaction\u201d means any transaction other than\u2014\">\u201cSignificant accounting transaction\u201d means any transaction other than\u2014<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/dormant-company\/#Eligibility_to_apply_for_Dormant_Status\" title=\"Eligibility to apply for Dormant Status:-\">Eligibility to apply for Dormant Status:-<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Dormant_Company\"><\/span><span style=\"color: #ff0000;\"><strong><u>Dormant Company<\/u><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Meaning_of_Dormant_Company\"><\/span><span style=\"color: #000080;\"><strong>Meaning of Dormant Company<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The word <strong><em>\u201cDormant\u201d means inactive or inoperative<\/em><\/strong>. A dormant company is an excellent opportunity to start a\u00a0 company for a future project or hold an asset\/intellectual\u00a0 property without having significant accounting\u00a0 transactions. On the other hand if a company has not filed\u00a0 its annual returns for two consecutive years then such a\u00a0 company will also be called as a dormant company.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4895\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Dormant-Company.-.jpg\" alt=\"Dormant Company.\" width=\"984\" height=\"417\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Dormant-Company.-.jpg 800w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Dormant-Company.--300x127.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Dormant-Company.--768x325.jpg 768w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Inactive_Company_means\"><\/span><span style=\"color: #000080;\"><strong>Inactive Company means:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The Company has not been carrying on <strong><em>any business or operation during the last two or more financial years.<\/em><\/strong><\/li>\n<li>The company has <strong><em>not made any significant accounting transaction <\/em><\/strong>during the last two or more financial years.<\/li>\n<li>The company has <strong><em>not filed financial statements and annual returns during the last two or more financial years.<\/em><\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"%E2%80%9CSignificant_accounting_transaction%E2%80%9D_means_any_transaction_other_than%E2%80%94\"><\/span><span style=\"color: #000080;\"><strong>\u201cSignificant accounting transaction\u201d means any transaction other than\u2014<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Payment of fees by a company to the Registrar;<\/li>\n<li>Payments made by it to fulfil the requirements of Companies Act or any other law;<\/li>\n<li>Allotment of shares to fulfil the requirements of Companies Act; and<\/li>\n<li>Payments for maintenance of its office and records.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Eligibility_to_apply_for_Dormant_Status\"><\/span><span style=\"color: #000080;\"><strong>Eligibility to apply for Dormant Status:-<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-4896\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Eligibility-to-apply-for-Dormant-Status..png\" alt=\"Eligibility to apply for Dormant Status.\" width=\"988\" height=\"567\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Eligibility-to-apply-for-Dormant-Status..png 627w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2022\/08\/Eligibility-to-apply-for-Dormant-Status.-300x172.png 300w\" sizes=\"(max-width: 988px) 100vw, 988px\" \/><\/p>\n<ul>\n<li>No inspection, inquiry or investigation has been ordered or\u00a0 taken up or carried out against the company;<\/li>\n<li>No prosecution has been initiated and pending against the\u00a0 company under any law;<\/li>\n<li>The company is neither having any public deposits which\u00a0 are outstanding nor the company is in default in payment\u00a0 thereof or interest thereon;<\/li>\n<li>The company is not having any outstanding loan, whether secured\u00a0 or unsecured: Provided that if there is any outstanding unsecured\u00a0 loan, the company may apply under this rule after obtaining\u00a0 consent of the lender;<\/li>\n<li>There is no dispute in the management or ownership of the\u00a0 company;<\/li>\n<li>The company does not have any outstanding statutory taxes, dues,\u00a0 duties etc. payable to the Central Government or any State\u00a0 Government or local authorities etc.;<\/li>\n<li>The company has not defaulted in the payment of workmen\u2019s dues;<\/li>\n<li>The securities of the company are not listed on any stock exchange<\/li>\n<li>within or outside India.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Dormant Company Meaning of Dormant Company The word \u201cDormant\u201d means inactive or inoperative. A dormant company is an excellent opportunity to start a\u00a0 company for a future project or hold an asset\/intellectual\u00a0 property without having significant accounting\u00a0 transactions. On the other hand if a company has not filed\u00a0 its annual returns for two consecutive years &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[938],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4894"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=4894"}],"version-history":[{"count":2,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4894\/revisions"}],"predecessor-version":[{"id":4899,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/4894\/revisions\/4899"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=4894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=4894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=4894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}