Section 1169 Dormant companiesC1C2
United Kingdom
For the purposes of the Companies Acts a company is “dormant” during any period in which it has no significant accounting transaction.
A “significant accounting transaction” means a transaction that is required by section 386 to be entered in the company's accounting records.
In determining whether or when a company is dormant, there shall be disregarded—
any transaction arising from the taking of shares in the company by a subscriber to the memorandum as a result of an undertaking of his in connection with the formation of the company;
any transaction consisting of the payment of—
a fee to the registrar on a change of the company's name,
a fee to the registrar on the re-registration of the company,
a penalty under section 453 (penalty for failure to file accounts), or
a fee to the registrar for the registration of F1a confirmation statement.
Any reference in the Companies Acts to a body corporate other than a company being dormant has a corresponding meaning.
Annotations
Textual amendments
- F1
Words in s. 1169(3)(b)(iv) substituted (30.6.2016) by Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 93(6), 164(1); S.I. 2016/321, reg. 6(b)
Modifications
- C1
S. 1169 applied (with modifications) (1.10.2008) by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 (S.I. 2008/1911), reg. 53
- C2
S. 1169 applied by 2004 c. 12, s. 279(1E) (as inserted (15.3.2018 for specified purposes, 6.4.2018 in so far as not already in force) by Finance Act 2018 (c. 3), Sch. 3 paras. 1(6), 2(1)(c)(2)(c)(3))
Notes on Part 38
Modifications
- C1
Pts. 1-39 modified (31.12.2020) by Regulation (EC) No. 2157/2001, Art. AAA1(3) (as inserted by The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1298), regs. 1, 97 (with regs. 140-145) (as amended by S.I. 2020/523, regs. 1(2), 5(a)-(f)); 2020 c. 1, Sch. 5 para. 1(1))
- C2
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2