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    Question

    A dormant company is a company

    __________________
    A A company is formed and registered under the Companies Act for a future project or to hold an asset or intellectual property Correct Answer Incorrect Answer
    B A company which has no significant accounting transaction Correct Answer Incorrect Answer
    C Inactive company Correct Answer Incorrect Answer
    D All the above Correct Answer Incorrect Answer
    E Both (a) & (b) Correct Answer Incorrect Answer

    Solution

    Section 455. Dormant company- (1) Where a company is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such a company or an inactive company may make an application to the Registrar in such manner as may be prescribed for obtaining the status of a dormant company

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