Dormant company status application requires special resolution or shareholder consent and compliance with strict eligibility conditions. Application for Dormant Company status is made to the Registrar in Form MSC-1 with the prescribed fee after passing a special resolution or obtaining at least three quarters shareholder consent. Eligibility requires absence of inspections, inquiries or prosecutions; no outstanding public deposits or loan defaults (secured or unsecured subject to lender concurrence); no management or ownership disputes; no outstanding statutory taxes or workmen's dues; and that the company's securities are not listed.