19 August 2015
where a company is formed and registered under this act for a future project or any business or operations, or has not made any significant accounting transactions duting the last two financial year,or has not filed financial statements and annual returns during the last two financial years. 'significant accounting transactions' means any transactions other than- A-payment of fees by a company to the registrar, B-payment made by it to fulfill the requirements of this act or any other law, C-allotment of shares to fulfil the requirements of this act or any other law, D- payments for maintenance of its office and records.
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