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    <title>Dormant company</title>
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    <description>The Act allows companies formed for future projects or to hold assets with no significant accounting transactions to apply to the Registrar for dormant company status. It defines &quot;inactive company&quot; and &quot;significant accounting transaction,&quot; lists routine exclusions, and authorises the Registrar to grant dormant status, issue certificates, maintain a register, enter names of non filing companies, require prescribed director minimums, filings and annual fee to retain status, permit reactivation by application, and strike off names for noncompliance.</description>
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    <pubDate>Sat, 02 Mar 2013 16:43:40 +0530</pubDate>
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      <description>The Act allows companies formed for future projects or to hold assets with no significant accounting transactions to apply to the Registrar for dormant company status. It defines &quot;inactive company&quot; and &quot;significant accounting transaction,&quot; lists routine exclusions, and authorises the Registrar to grant dormant status, issue certificates, maintain a register, enter names of non filing companies, require prescribed director minimums, filings and annual fee to retain status, permit reactivation by application, and strike off names for noncompliance.</description>
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