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प्रश्न
Explain the following term/concept.
Dormant company
उत्तर
(1) A company which is registered for a future project, but not yet made any significant accounting transactions in the last two years and also not yet filed financial statements or annual returns in the last two years, after making an application under Section 455, is called dormant company.
(2) Dormant companies may develop and function properly in the near future.
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