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Glossary / Also known as

Section 455 company

Another name for Dormant Company.

Other names
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What does section 455 company mean?

Section 455 company is another name for Dormant Company. An inactive company registered under the Companies Act with minimal compliance obligations while it holds assets or awaits future use.

The two names mean the same thing. You will see "section 455 company" in some ledgers, reports and contracts and "Dormant Company" in others. The full entry covers how it works, with examples.

Read the full definition of Dormant Company

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From the glossary

Related terms.

Company law and governance Dormant Company An inactive company registered under the Companies Act with minimal compliance obligations while it holds assets or awaits future use. Also called inactive company, section 455 company Company law and governance Companies Act, 2013 The primary legislation governing the incorporation, management, and dissolution of companies in India. Also called Companies Act 2013, the Companies Act Statutory compliance Annual Compliance Yearly regulatory filings and statutory obligations that companies must complete to remain in good standing. Also called annual compliances, yearly compliance Company law and governance One Person Company (OPC) A company with a single member, providing corporate status and limited liability to an individual entrepreneur under the Companies Act, 2013. Also called single-member company Company law and governance Liquidation The process of winding up a company, converting its assets to cash, paying creditors, and distributing residual assets to shareholders. Also called winding up, company winding up Company law and governance CIN (Corporate Identity Number) A unique 21-digit alphanumeric identifier assigned to every company registered with the Registrar of Companies in India. Also called company identification number, corporate identification number
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