When the company has not engaged with any meaningful relationship, then that company is stated to be a dormant company. This is a status that doesn’t just happen; one has to apply for it. Moreover, there are certain conditions for company dormancy that are needed to be followed. That being said, a dormant status is suited for companies that have long term goals. Now, once the dormant period is over, the company has to be reactivated. This blog is dedicated to telling about this process of reactivation.
According to Companies act, the companies who now want to come out of dormant or inactive stage and re-activate or become active again, have to follow through with the steps that are given below:
Note: The specified period is the dormant period of the company
The forms required for annual returns are:
Once you have gone through all the formalities that have been mentioned here, your company shall be active and you shall be ready to go about your business.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.