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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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