Dormant company

Section 455 (5) provides that a dormant company may become an active company on an application made in this behalf. Application in Form MSC-4 may be filed along with the required fee and accompanied by a return in Form MSC-3 in respect of the financial year in which the application for obtaining the status of an active company is being filed.  The Registrar shall after considering the application issue a certificate in Form MSC – 5 allowing the status of  an active company to the applicant.

Where a dormant company does or omits  to do any act mentioned in the grounds of application in Form No MSC – 1 submitted to the Registrar  for obtaining the status of dormant company, affecting its status of dormant companies, the directors  shall within seven days of such event, file an application for obtaining the status of an active company.