Dormant company

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what is advantage of obtain "Dormant Company" status for a private limited company
Replies (6)
Wil reduce d burden of accounting transactions

Such a Company has not filled the financial statement from the past 2 years and has not been carrying out significant accounting transactions from the past 2years. The Company shall file the application for getting the ststus of domant Company by filing MSC 1. And the Company would get relief from secretarial and  financial compliance.Like Dormant Company can hold just 2 Board meetings in ayear and One Board meeting shall be held in half of the calender year.

But before applying the ststus of dormant Company following points shall be considered.

The Company has not taken any loan weather secured or unsecured

the Company has not defaulted in the payment of deposit or interest thereon

The Company should have paid all the outstanding dues and taxes to the Government

The Company shall not have any defaulting creditors and workmen dues.

what is pervious and current year annual filling advantage for a doormat company 

 

does a annual filling defaulting company after getting dormant status exempt form pervious years annual filling requirement

what is pervious and current year annual filling advantage for a doormat company   

does a annual filling defaulting company after getting dormant status exempt form pervious years annual filling requirement

 

no until n unless u clear all d dues u can't submit d form required for obtaining dormant status

thanx you so much 

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