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Dormant company

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(Querist)
13 June 2012 Dear Friends

What is the difference between Dormant company and Defaulting company
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CA Yasaswy Sarma Veluri

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CA Yasaswy Sarma Veluri (Expert)
13 June 2012 Dormant Company or Defunct company is a company which has defaulted for a very long time and can be striked off or revived to active status by filing form 61.

Deafulting company is a company which hasnt filed it Annual Returns in the previous year.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 June 2012 i) Defaulting company means a company failed to file annual return and financial statements in time.
ii) Dormant company is a company which is in default since 2006.
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