All about Dormant (inactive) company – meaning, benefits, compliance and the associated process

Dormant company is a new concept introduced in the Companies Act 2013 which was not there in the earlier Act of 1956. However, the concept is there in the United Kingdom under the English Law. Section 455 of the Companies Act 2013 spells out about the dormant company. According to this section the Dormant Company means inactive or inoperative company.Dormant company is a new concept introduced in the Companies Act 2013 which was not there in the earlier Act of 1956. However, the concept is there in the United Kingdom under the English Law. Section 455 of the Companies Act 2013 spells out about the dormant company. According to this section the Dormant Company means inactive or inoperative company.taxmann.com Latest ArticlesRead More

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