s 1169 Dormant companies
(1) For the purposes of the Companies Acts a company is “dormant” during any period in which it has no significant accounting transaction. (2) A “ significant accounting transaction ” means a transaction that is required by section 386 to be entered in the company's accounting records. (3) In determining whether or when a company is dormant, there shall be disregarded— (a) 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; (b) any transaction consisting of the payment of— (i) a fee to the registrar on a change of the company's name, (ii) a fee to the registrar on the re-registration of the company, (iii) a penalty under section 453 (penalty for failure to file accounts), or (iv) a fee to the registrar for the registration of a confirmation statement . (4) Any reference in the Companies Acts to a body corporate other than a company being dormant has a corresponding meaning.