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    Question

    The companies formed & registered under Companies Act,

    2013 for a future project or to hold an asset or intellectual property and has no significant accounting transaction is known as ____________ Company
    A Dormant Company Correct Answer Incorrect Answer
    B Inactive Company Correct Answer Incorrect Answer
    C Associate Company Correct Answer Incorrect Answer
    D Public Limited Company Correct Answer Incorrect Answer

    Solution

    As per Section 455 of the Companies Act, 2013 - 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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