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DORMANT COMPANY COMPANIES ACT, 2013
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DORMANT COMPANY COMPANIES ACT, 2013

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    DORMANT COMPANY COMPANIES ACT, 2013 DORMANT COMPANY COMPANIES ACT, 2013 Presentation Transcript

    • DORMANT COMPANIES COMPANIES ACT,2013
    • Application for obtaining status of Dormant company  Section 455 after passing a special resolution to this effect in the general meeting of the company or after issuing a notice to all the shareholders of the company for this purpose and obtaining consent of atleast 3/4th shareholders  A company may make an application in Form MSC-1 along with such fee as provided in the Companies (Registration Offices and Fees) Rules, 2014 for the status of dormant company
    • Certificate of status of dormant company  ROC Issues the certificate of status of dormant company in Form MSC-2 after considering the application submitted to it in Form 1.
    • Minimum number of directors for dormant company  public company - three directors  private company – Two director  One Person Company – one director  The provisions of the Act in relation to the rotation of auditors shall not apply on dormant companies
    • Return of dormant companies  A dormant company shall file a “Return of Dormant Company” annually, inter-alia, indicating financial position duly audited by a chartered accountant in practice in Form MSC-3  Dormant companies are needed to file return of allotment and change in directors as per act
    • Application for seeking status of an active company  An application, under section 455(5), for obtaining the status of An active company shall be made in Form MSC-4 and shall be 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  Registrar after considering application in MSC-4 issue a certificate in Form MSC-5 allowing the status of an active company to the applicant  If the dormant company will remain Dormant for 5 yrs Registrar shall take steps o strike off the name of the company from the registers.
    •  Where a dormant company does or omits to do any act mentioned in the Grounds of application in Form MSC-1 submitted to Registrar for obtaining the status of dormant company, affecting its status of dormant company, the directors shall within seven days from such event, file an application for active company  Registrar has reasonable cause to believe that any company registered as „dormant company‟ under his jurisdiction has been functioning in any manner, directly or indirectly, he may initiate the proceedings for enquiry under section 206 of the Act
    • THANK YOU For Further Details Contact :01143558440, 9971504105proglobalcorp@gmail.com