1169 Dormant companies
1169 Dormant companies
Companies Act 2006 | Legislation

(1)     For the purposes of the Companies Acts a company is “dormant” during any period in which it has no significant accounting transaction.

(2)     A “significant accounting transaction” means a transaction that is required by section 386 to be entered in the company's accounting records.

(3)     In determining whether or when a company is dormant, there shall be disregarded—

(a)     any transaction arising from the taking of shares in the company by a subscriber to the memorandum as a result of an undertaking of his in connection with the formation of the company;

(b)     any transaction consisting of the payment of—

(i)     a fee to the registrar on a change of the company's name,

(ii)     a fee to the registrar on the re-registration of the company,

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