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Mandatory Settlement Conference MSC 1 | Download Free Templates
Team Lawyered
1. What is Form MSC 1?
This form is filed pursuant to section 455(1) of the companies act, 2013 and rule 3 of Companies ( miscellaneous ) rules, 2014. As per the rule, Where a company is formed and registered under this Act for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such a company or an inactive company may make an application to the Registrar in Form MSC 1 for obtaining the status of a dormant company after passing a special resolution to this effect in the general meeting of the company or after issuing a notice to all the shareholders of the company for this purpose and obtaining the consent of at least 3/4th shareholders (in value):
2. Why is it important?
a. It is a statutory requirement.
b. By obtaining the dormant status, a company can save taxes and compliances till the time it again becomes operative.
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Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.