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of <h1>Dormant company status for inactive firms and asset-holding project vehicles, with Registrar certification, filings, fees, and reactivation rules.</h1> Companies formed for a future project or to hold assets or intellectual property, and having no significant accounting transactions, and 'inactive companies' may apply to the Registrar for designation as a dormant company; 'inactive company' and 'significant accounting transaction' are defined, with specified exclusions for routine statutory and maintenance payments, thereby prescribing eligibility for dormant status. On approval, the Registrar must grant dormant status by certificate and maintain a register of dormant companies, and must, after issuing notice, enter in that register any company that has failed to file financial statements or annual returns for two consecutive financial years. A dormant company must maintain the prescribed minimum directors and make prescribed filings and annual fee payments to retain dormant status, may seek reactivation by prescribed application, and is liable to removal from the dormant register for non-compliance.
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