Overview
A company that is not carrying on business or has no significant transactions can apply for “dormant” status under the Companies Act (Form MSC-1), reducing its compliance while keeping the company alive for future use.
CorpRaasta prepares the application and filings to obtain dormant status.
What is Dormant Status Filing?
Dormant status filing is an application (MSC-1) to the Registrar to classify an inactive company as dormant, lowering its compliance requirements.
Who needs it
Companies with no current operations
Entities formed for a future project
Companies holding an asset/IP only
Businesses pausing operations
Documents required
Board/shareholder approval
Statement of affairs
Company details
Auditor certificate (if required)
DSC of signatory
How it works
01
Assess eligibility
We confirm the company qualifies as dormant.
02
Approvals
Board/shareholder approvals are obtained.
03
File MSC-1
The dormant status application is filed.
04
Status granted
Dormant status is recorded.
Benefits
Reduced compliance for inactive companies
Keeps the company alive for future use
Lower ongoing costs
Proper legal classification
Expert handling
HOW CORPRAASTA HELPS
What we do for you
Eligibility assessment
MSC-1 preparation and filing
Guidance on minimal ongoing compliance