Requirement for declaration for dormancy.

For dormant declaration: There is a requirement for a director’s statement to declare the company’s status of dormancy. However, the requirements contained in the statement should follow those required under the Companies Act (s201A and s205B). The statement by the directors for the exemption from preparation of financial statements must state:

1. that the company has been dormant for the period from the time of its formation or since the end of the previous financial year, as the case may be;

1. that no notice has been received under section 201A(3)  in relation to the financial year; and

• the accounting and other records required by the Companies Act to be kept by the company have been kept in accordance with section 199.