What is a dormant company?

A company is considered dormant during a period in which no accounting transaction occurs.

Its status is NOT affected by the following transactions:

  • The appointment of a secretary.
  • The appointment of an auditor.
  • The maintenance of a registered office.
  • The keeping of registers and books.
  • The payment of fees, fines or default penalties of any amount to the Registrar (ACRA).
  • The taking of shares in the company by a subscriber to the memorandum in pursuance of an undertaking of his in the memorandum