Examples of Dormant Company in a sentence
Plc shall promptly execute any Accession Letter delivered to it by Corp in respect of any proposed Trading Company, Non-Trading Company or Dormant Company.
Corp shall, and is hereby authorised by each other Participating Company (other than plc) to, execute an Accession Letter, in respect of any proposed Trading Company, Non-Trading Company or Dormant Company, for itself and on behalf of each other Participating Company (other than plc).
Several Company Law concepts/ practices prevalent in developed countries have been incorporated in the Companies Bill, 2011 such as One Person Company (OPC), Dormant Company, recognition of the doctrine of entrenchment, Class Action Suit etc.
Notwithstanding the foregoing, the Borrowers will not, directly or indirectly, use the proceeds of any Loan or any Letter of Credit to make any loan or other advance to, or Investment in, any Dormant Company.
Module IIntroduction to Companies Act 2013: Objects of the Act - Salient features of the Act - Meaning and definition of company - Features - Kinds of companies - Private Company - Public company - Associate Company - Dormant Company - One person company -Small Company - Government Company - Lifting of corporate veil.