Are you curious about dormant companies and their significance in the business world? In this informative video, we delve into the concept of a dormant company, exploring its definition, legal implications, and considerations for business owners. A dormant company refers to a registered entity that is temporarily inactive, with no significant accounting transactions or business operations. We discuss the criteria for classifying a company as dormant, the statutory obligations it must fulfill, and the benefits it offers, such as preserving a company name or assets for future use. Additionally, we shed light on the process of becoming dormant and the necessary steps for reactivating a dormant company. Join us as we unravel the intricacies of dormant companies, providing valuable insights and practical advice for business owners and entrepreneurs. Watch now to gain a comprehensive understanding of dormant companies and their role in the business landscape.
Sonika Bharati,
FCS LLB, Designated Partner,
AKG Advisory LLP,
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