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of <h1>Companies can seek dormant status via Form MSC-1 under Section 455; recent changes simplify lender and dispute documentation.</h1> A company can apply for dormant status under section 455 by submitting Form MSC-1 with the required fee to the Registrar, following a special resolution or shareholder consent. Eligibility criteria include no ongoing inspections, inquiries, investigations, or prosecutions, no outstanding public deposits or defaults, no outstanding loans unless unsecured with lender concurrence, no management disputes, no outstanding statutory dues, no payment defaults to workmen, and unlisted securities. Recent amendments removed requirements for enclosing lender concurrence and management dispute certificates with Form MSC-1.
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