Dormant company status permits inactive firms to apply for registration with the Registrar, who issues certificate and maintains register. A company formed to hold an asset or for a future project, or an inactive company that has not carried on business, made significant accounting transactions, or filed required financial statements and annual returns for the prescribed past period, may apply to the Registrar for dormant company status; the Registrar may grant the status and issue a certificate, maintain a register, require prescribed directors, documents and fees to retain status, allow reactivation on application, and strike off names for non compliance.