Q&As

Can a dormant company which holds shares in another company receive a distribution and remain dormant?

read titleRead full title

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert
Published on: 06 October 2017
imgtext

A Dormant Company will only remain dormant during any Accounting period in which it has had no significant accounting transaction (section 1169(1) of the Companies Act 2006 (CA 2006)).

A significant accounting transaction is any transaction

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Dormant Company definition
What does Dormant Company mean?

A company is dormant when it has no significant accounting transaction.

Read more

Popular documents

Appointment of an auditor

Appointment of an auditorSTOP PRESS—Impact of the Retained EU Law (Revocation and Reform) Act 2023: This document contains references to retained EU law (REUL) and associated terms introduced by the European Union (Withdrawal) Act 2018 in connection with Brexit. From 1 January 2024, REUL that

Dormant companies—accounts and audit

Dormant companies—accounts and auditA dormant company is constituted and managed in the same way as any other company. However, the requirements relating to accounts and audit that generally apply to a company are relaxed in relation to a dormant company.What is a dormant company?A company is

Auditors and liability limitation agreements

Auditors and liability limitation agreementsThere are statutory provisions relating to the liability of an auditor of a company and the limits that may be placed upon it. Prior to 6 April 2008, a company could not exempt or indemnify its auditors from liability for any negligence, default, breach of

Subsidiary companies—audit exemption

Subsidiary companies—audit exemptionIf a company prepares annual accounts for a financial year, they must be audited, unless the company is exempt from audit.Qualifying subsidiary exemption from the requirement to audit accountsIf a subsidiary company satisfies certain conditions, it may benefit