Dormant company status: application, eligibility conditions, annual return requirements, and process to revert to active status. A company may apply in Form MSC-1 for dormant company status after a special resolution or three fourths shareholder consent, subject to eligibility conditions (no inspections, prosecutions, public deposits, outstanding loans without lender concurrence, statutory dues, workmen's dues or listed securities). The Registrar issues Form MSC-2 and maintains a public register. Dormant companies must maintain minimum directors, file an annual Form MSC-3 with audited financials, and may apply in Form MSC-4 for active status or be struck off after five years; Registrar may investigate and remove dormant status if functioning.
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Dormant company status: application, eligibility conditions, annual return requirements, and process to revert to active status.
A company may apply in Form MSC-1 for dormant company status after a special resolution or three fourths shareholder consent, subject to eligibility conditions (no inspections, prosecutions, public deposits, outstanding loans without lender concurrence, statutory dues, workmen's dues or listed securities). The Registrar issues Form MSC-2 and maintains a public register. Dormant companies must maintain minimum directors, file an annual Form MSC-3 with audited financials, and may apply in Form MSC-4 for active status or be struck off after five years; Registrar may investigate and remove dormant status if functioning.
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