Normalizing a Dormant Company to Active Company

 CorpAhead Business Consultants Private Limited 

NORMALIZING A DORMANT COMPANY

The term dormant refers to companies having “no significant dealings or transactions” during a financial year. No significant dealings or transactions mean no entries in the company’s accounting records. The amount paid for the shares during the initial formation of the company and few preliminary or pre-incorporation expenses incurred for the registration of companies with the Registrar would not amount to significant transactions. Companies that have not filed both their annual returns and balance sheets for three consecutive years (i.e., any of the six required filings) shall be treated as “Dormant Companies”.

Procedure for activation (Normalizing of a Dormant Company):

Step 1:

Companies which are desirous of getting back to Active status by filing the due annual returns and balance sheets (normalizing the company) are required to file Form 61 with the Ministry of Corporate Affairs.

• The application can be filed for Company, Director, Manager, Secretary or others.
• The detailed application will be as per Company Law Board Regulations, 1991
• General profile and history of the company containing details such as name, date of incorporation, main objects of the company
• Attachments: Detailed application is mandatory to be attached in all the cases of filing. The standard format of the detailed application is available in the MCA site.

Step 2:

On approval of the application in Form 61, the company shall be provided 21 days to file all the annual return and balance sheets for the required financial years. In the event of all the required filings done within the specified time limit of 21 days, the status of the company shall be changed to Active. On failure of such formality, the status of the company would change back to Dormant.

The annual returns would include e-Forms such Form 23B (Intimation by Auditor to Registrar), Form 23AC (Filing of Balance Sheet), Form 23ACA (Filing of Profit & Loss account), Form 20B (Filing of Annual Return for companies with Share Capital), Form 66 (Compliance certificate, if applicable) for all the years of non-compliance.

Once, the dormant company is done with the above mentioned formalities, normalization of the company have been through and the company can now continue its business operations with significant dealings and transactions.

Post Incorporation Retainership Services

POST INCORPORATION RETAINERSHIP SERVICES

Though appointment of a company secretary is not mandatory for all the companies, however if, your company does not have a Company Secretary, the Directors become totally responsible/liable for this work. If a company does not comply with all regulations, there is the risk of various fines, penalties & prosecution.

We keep our patrons up to date with the latest developments in company legislation and regulations and can therefore help you to stay compliant. Outsourcing the work of the company secretary frees you up to focus on running your business and gives you the peace of mind that you have fully qualified professional's support on your side.

In a well organised company or group of companies, the Secretary is a professional who, in addition to his multifarious other duties, is an important link in the management chain. The continued growth of limited companies enables the practicing company secretaries to offer secretarial services to small companies, many of which are being virtually run by a few individuals who are unable to afford a full-time secretary.

We offer a fully computerised company secretarial compliance service including maintenance of company registers and filing returns with the Registrar of Companies/LLP.

You will ensure your company has access to accurate and up to date information concerning any relevant company law. You will have someone on hand to sort out all the necessary reporting requirements laid down by Registrar of Companies. You will also have more time to do what you do best: running your business! 

By employing a professional Company Secretary your company will be perceived as a professional and competent operation, which will certainly help when you are recruiting new customers and suppliers.

By using CorpAhead retainership service, you will have access to a professionally qualified person who will: 

• File your accounts and annual return with ROC
• Provide advice on statutory matters
• Sort out the appointment and resignation of directors
• Process the allotment of company shares
• Maintain a statutory register using professional company secretarial software
• Provide access to electronic filing
• Share consolidation or sub-division
• Striking off/dissolution
• Share capital reduction
• Reviewing, updating and amending the Memorandum and Articles of Association
• Share transactions and business restructuring
• Change of company name
• Change of registered office

Company Incorporation Services

 CORPAHEAD BUSINESS CONSULTANTS PRIVATE LIMITED 

INCORPORATION SERVICES

There are several legal structures available to you and we can advise you about which one will be best suited for your business. We will explain the options available and your legal responsibilities.

We can help you to form Private Limited Companies, Public Limited Companies, Companies Limited By Guarantee, Limited Liability Partnerships (LLP), Societies, Trusts and Residents' Associations.

We provide specialist support and advice on all company secretarial matters, tailored to suit our clients' business needs. Whatever your needs we focus on delivering a technical expertise at a cost-effective packages.

You may decide that a private limited company/LLP/other business vehicle is right for you. Allow us to help you register your private company/LLP/Other business vehicle and get it running,

We make sure your business complies with legal requirements imposed on private companies limited by shares.

• Professional processing of all information required and as relating to the procurement of Directors Identification Number (DIN) and Digital Signature Certificate (DSC) for the Promoters/Directors of the corporate entity and as required under statute.

• Drafting of Charter Documents being the Memorandum of Association and Articles of Association for the proposed corporate entity. The Articles of Association are drafted bearing in mind the shareholding pattern, the relationship between the Promoters, the management of the corporate entity and other specific requirements of the Client.  In CorpAhead there is no question of cut and paste and Charter Documents are specific and are tailor made to suit the requirements of the Client.

• Filing of name availability and subsequent follow up with the jurisdictional Registrar of Companies, the statutory authority to liaison with for purposes of incorporating a corporate entity.

• Filing of Charter Documents along with all required Statutory Forms with the concerned Registrar of Companies. All information required would be gathered in consultation with the Client for purpose of filing with the concerned Registrar of Companies.

• Filing with the concerned Registrar of Companies all of the above to ensure that all statutory compliances are met and also to ensure that the Certificate of Incorporation is obtained at the earliest.

ABOUT US

CORPAHEAD BUSINESS CONSULTANTS PRIVATE LIMITED

ABOUT US

“CorpAhead Business Consultants Private Limited” is a Corporate Consulting Services Company offering Legal & Secretarial Services to Corporate during their various growth phases with a view to cater all the needs of Emerging Entrepreneurs and to provide a one point solution to the Entrepreneur so that all our valued clients get the services under one single roof with a concept of "You Focus Business - We Support with Our Knowledge".

Here, we also offer quality services in company incorporation in India under affordable rates of packages.  We provide quality assured services such as:

1. Assistance in Incorporation of new Private Limited & Public Limited Company, Partnership Firm or Limited Liability Partnership.
2. Assistance in maintaining statutory registers like Register of Members, Charges Register, Fixed Assets Registers, Contracts in which Directors are interested, etc.
3. Help in recording, maintaining minutes, notices and conducting board meetings, general meetings, etc.
4. Filing necessary E- forms with Ministry of Corporate Affairs or other government body.
5.  Assistance in creating charges, modification of charges and satisfaction of charges. We also provide services in terms of Project Financing, Loan Syndication etc.
6. Representation before the Ministry of Corporate Affairs, Registrar of Companies, Company Law Board, etc.
7. Filing Annual returns normal as well as XBRL based annual returns. We also provide XBRL Services for all companies.
8. Change of Name, Registered Office, Authorised Capital, Objects clause, etc.
9.  Assistance in getting the name of the company striken off u/s 560. (Under Fast Track Exit Scheme introduced by Ministry of Corporate Affairs)
10.  Assistance in getting the name of the company revived u/s 560. (Normalizing a Dormant Company to Active)

To know more about our quality services, mail us at corpahead@outlook.com.to get connect with our representatives.