DORMANT COMPANY UNDER SECTION 455 OF COMPANIES ACT

The term Dormant itself defines an inactive, non-functional or suspended state. Keeping in line, the Section 455 of The Companies Act, 2013 also describes a Dormant Company as a company which has no significant accounting transaction. The term Significant Accounting Transaction indicates transaction other than:-  The payment of fees to Registrar, The payment made to […]