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Become a dormant company

The company is idle. Is strike-off the only option?

The short answer

Section 455. Apply in MSC-1. Dormant is a status, not a closure. An annual return is still filed.

A company formed for a future project, or holding an asset or intellectual property, with no significant accounting transaction. Not an LLP.

VerifiedAct-sourced — Section 455.

Step by step

  1. 1

    Qualify

    No significant accounting transaction, as section 455 defines it. Being late on filings is not the definition.

  2. 2

    Special resolution

    The members apply for the status.

  3. 3

    MSC-1

    The web form. Dormant is a status, not a closure. A thinner annual return is still filed.

  4. 4

    Sign, upload, pay

    A director submits the web form at mca.gov.in as a business user. The SRN appears in My Application. Download the PDF, sign it with the DSC already associated to the DIN, DPIN, PAN or membership number on the form, upload that PDF against the same SRN, and pay.

Forms

  • MSC-1 — Application for dormant status.

Papers

  • Special resolution
  • Statement of the position the form asks for

Where this filing fails

  • Do not use STK-2 for a company that still holds an asset you intend to keep.