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It can be defined as
"Dormant refers to a company which have no worth mentioning accounting transactions during the financial year."
Dormant company is formed when we want to protect our company's name or to have some intellectual property.Dormant company have no paid employees but 1 director(in case of private companies) and a company secretary.
"Dormant refers to a company which have no worth mentioning accounting transactions during the financial year."
Dormant company is formed when we want to protect our company's name or to have some intellectual property.Dormant company have no paid employees but 1 director(in case of private companies) and a company secretary.
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