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of <h1>Understanding Dormant Company Status Under Section 455 of the Companies Act, 2013: Criteria and Compliance Essentials</h1> Section 455 of the Companies Act, 2013, outlines the provisions for a company to be classified as a dormant company. A company formed for a future project or to hold assets, with no significant accounting transactions, can apply for dormant status. An inactive company is defined as one without business operations or significant transactions, and which hasn't filed financial statements or returns for two years. The Registrar maintains a register of dormant companies and can issue certificates for dormant status. Dormant companies must meet certain requirements to retain this status and can apply to become active. Non-compliance results in removal from the register.
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