FYI
Dormant Company
Under what circumstances can a company be deemed as dormant?
While a company is deemed to be dormant under Section 344A of the Ordinance, the company must not enter into a relevant accounting transaction, i.e. a transaction which required by Section 121 of the Ordinance to be entered in the books of accounts. Section 121 of the Ordinance requires that a company shall keep proper books of accounts.