Dormant Company Filing
Maintain compliance with MCA regulations by filing for dormant status and avoid unnecessary statutory obligations.
Filing for dormant company status is essential for companies that have not been carrying out business or operations. This allows companies to reduce compliance burden while remaining registered under the Companies Act.
What is Dormant Company Status?
A dormant company is one that has not been active in terms of business operations or financial transactions. Filing for dormant status notifies the Ministry of Corporate Affairs (MCA) about the inactivity and reduces compliance requirements.
Who Can Apply?
Companies that have not commenced business, or have had no significant accounting transactions during the previous financial year, can apply for dormant status under Section 455 of the Companies Act, 2013.
Dormant Company Filing Process
- Step 1: Board resolution approving the company to apply for dormant status.
- Step 2: File Form MSC-1 with the MCA for dormant status application.
- Step 3: Submit statutory documents including financial statements, if required.
- Step 4: MCA reviews and approves the dormant status application.
- Step 5: Maintain records and comply with minimal ongoing statutory requirements for dormant companies.
Benefits of Dormant Company Filing
- Reduced Compliance: Lower statutory obligations and filings.
- Cost Efficiency: Minimize operational costs while maintaining legal existence.
- Legal Recognition: Retain company registration without active operations.
- Expert Assistance: Professionals ensure correct filing and timely approval.
Dormant Filing Assistance
Need Expert Guidance?
Get professional help for filing dormant company status and reduce compliance burdens.
Quick Highlights
- Reduce statutory compliance requirements
- Retain company registration legally
- Apply under Companies Act Section 455
- Expert filing assistance
- Minimized operational costs