Business Studies · Corporate Law
Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Under the Companies Act, 2013, provision is made to obtain the status of a 'dormant company' for an inactive company formed for a future project or to hold an asset. Reason (R): A dormant company can actively trade and perform significant accounting transactions regularly.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is correct but (R) is not correct✓
- 2(A) is not correct but (R) is correct
- 3Both (A) and (R) are correct but (R) is NOT the correct explanation of (A)
- 4Both (A) and (R) are correct and (R) is the correct explanation of (A)
Correct answer
(A) is correct but (R) is not correct
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