Dormant company application requires board resolution, auditor-certified statement of affairs, declarations, and regulatory NOC if applicable. Form MSC-1 under section 455 requires company identification, board and special resolutions authorising dormant status, director particulars, and grounds showing inactivity (formation for future project or asset holding, no significant transactions or filings for two or more financial years). It must include attachments: board and special resolutions, auditor's certificate and a statement of affairs certified within 30 days, latest financial statements/annual returns if any, lender consent if loans subsist, and regulatory NOC where applicable, together with declarations about absence of investigations, prosecutions, outstanding statutory dues, public deposits, management disputes, and listing.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Dormant company application requires board resolution, auditor-certified statement of affairs, declarations, and regulatory NOC if applicable.
Form MSC-1 under section 455 requires company identification, board and special resolutions authorising dormant status, director particulars, and grounds showing inactivity (formation for future project or asset holding, no significant transactions or filings for two or more financial years). It must include attachments: board and special resolutions, auditor's certificate and a statement of affairs certified within 30 days, latest financial statements/annual returns if any, lender consent if loans subsist, and regulatory NOC where applicable, together with declarations about absence of investigations, prosecutions, outstanding statutory dues, public deposits, management disputes, and listing.
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