Dormant Company Status Filing

Overview

Dormant Status Filing is the process Taxeto uses to help inactive companies apply for dormant status under the Companies Act, 2013, allowing them to remain legally registered while temporarily suspending active operations. Taxeto prepares the board resolution and Form MSC-1, and manages MCA approval so companies with no significant transactions can reduce their compliance burden and costs until they are ready to resume business.

Benefits

• Reduces compliance burden with fewer required filings
• Saves on compliance and operational costs
• Keeps the company legally valid while inactive
• Can be easily reactivated back to active status when needed

Eligibility

• No significant financial transactions during the period
• No pending statutory defaults
• Must be compliant with existing MCA filings
• Must not be a listed company

Documents Required

1. 1Board resolution
2. 2Latest financial statements
3. 3Certificate of incorporation
4. 4Statement of no business activity
5. 5Application Form MSC-1

Process

1. 1

   Board Approval

   Pass a resolution for dormant status.

2. 2

   Prepare Documents

   Collect financial and compliance records.

3. 3

   File Application

   Submit Form MSC-1 to the MCA.

4. 4

   Verification

   Authorities review the application.

5. 5

   Approval

   Company receives its dormant status certificate.

Frequently Asked Questions