Skip to content 
A dormant company refers to a newly established company that hasn’t commenced trading yet or an existing company that hasn’t engaged in any trading activities within the current financial year. This means it has had “no significant accounting transactions” during that period.
What does it mean by a dormant company?
Share This Story, Choose Your Platform!
About the Author: Xact+ Accountants
Our team of experienced CAs, CFOs, business consultants, forensic accountants, valuation experts, and tax advisors offer strategic advice and customized solutions to overcome all obstacles standing in the way of your greatest success. we are dedicated to providing high-quality, professional services to help our clients succeed. We offer a full range of services, including accounting and bookkeeping, tax planning and compliance, business advisory and consulting, and much more.
Leave A Comment