Set up a sole Dormant Status Filing Firm

  • Filing dormant status for a company.

proprietorship

Register Dormant Status Filing Firm Online through Compliance Gurukul

You can easily complete Dormant Status Filing firm registration online through Compliance Gurukul. For a sole Dormant Status Filing registration, only the PAN & Aadhaar card of the business owner is required. We can help you obtain the following registrations in less than 15 days:

  • GST Registration
  • Zero-Balance Business Current Account with Compliance Gurukul Software

Once, you have registered for the Dormant Status Filing firm registration online on Compliance Gurukul, please follow the steps below and upload the following documents by logging into Compliance Gurukul Software.

  • Step 1: Login to Compliance Gurukul Software using the email address for payment.
  • Step 2: Go to Services Tab & Select Dormant Status Filing Engagement
  • Step 3: Upload your PAN & Aadhar Card Copy
  • Step 4: An Compliance Gurukul Registration Expert will file the registration application with GST Department and Bank for Current Account.
  • Step 5: Access to Compliance Gurukul Software is for GST invoicing, GST filing and other services.

Best Practices for Dormant Company Registration

As defined under the Companies Act of 2013, a dormant company is registered but not engaged in any significant business activity or operations. It may have been established for future ventures or to hold assets without active trading. Dormant status filing allows these companies to minimise compliance requirements and maintain their registered status without the full spectrum of operational reporting obligations. If your company is in a similar state and you're considering transitioning to a dormant status to reduce compliance burdens, Compliance Gurukul is here to assist. Our team specialises in navigating the dormant status filing process, offering expert guidance to ensure a seamless transition. Ready to simplify your company's compliance landscape? Contact Compliance Gurukul today to get started.

Overview of Dormant Status Under the Companies Act of 2013

When a company is established under the Companies Act of 2013 for purposes such as launching a future project, holding assets, or managing intellectual property and hasn't carried out any significant financial activities, it can be considered inactive. Such a company can apply to the Registrar for a change in status to become a dormant company, as outlined in the Companies Act.

What is a Dormant Company?

A Dormant Company, also known as a Dormant Entity or Dormant Corporation, refers to a registered business entity not currently engaged in significant business activities or operations. Dormant status typically arises when a company has temporarily ceased its operational activities due to strategic reasons such as awaiting a future project, not yet commencing substantial business operations, or primarily existing to hold or manage intellectual property rights without directly engaging in revenue-generating activities. Such companies can apply to the Registrar to obtain the status of a Dormant company, with objectives including:

  • Being incorporated for a future project.
  • Serving as an asset or intellectual property.
  • Having no significant transactions in a specific financial year.
  • Remaining inactive.

It's important to note that while Dormant companies have limited activity, they can apply to revert to active status and cannot retain Dormant status for more than five consecutive financial years.

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Documents Required For Dormant Status Filing

  • Bank Statement
  • Accounting and Income Tax Filing for Nil-Filing Companies.
  • Form MSC-1
  • Application to the Registrar for obtaining the status of a dormant company
  • Form MSC-3
  • To bring a dormant company back to active

Timelines

A sole Dormant Status Filing firm registration can normally be done in India through Compliance Gurukul in max 2 weeks. However, the timelines for registration will vary from case to case, depending on the government and bank processing timelines.

Dormant Status Filing FAQ's

A dormant company is a registered entity that isn't engaged in significant business activities, often established for future projects or to hold assets.

A company can apply for dormant status through the Registrar of Companies if it's inactive, by following a specific procedure outlined in the Companies Act, 2013.

Benefits include reduced compliance requirements, preservation of the company name, and the ability to quickly reactivate the business when needed.

An inactive company hasn't conducted significant business or financial transactions in the last two financial years and hasn't filed financial statements or annual returns.

These include financial activities excluding payments for maintaining the company, share allotment, and compliance-related payments.

Start Company Registration