Board Resolution for Declaration of Company as Dormant

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Document Overview

A Board Resolution for Declaration of a Company as Dormant is a formal document passed by the Board of Directors to officially declare that the company is not currently trading or conducting any business activity, and is temporarily inactive. It is a legal step that helps maintain the company’s status with minimal compliance costs, while keeping it on the company register.

Key Components:
1. Heading and Company Information
2. Attendance Record
3. Preamble (“Whereas” Clauses)
4. Resolutions (Decisions Made)
5. Further Resolutions (Optional)
6. Certification and Signatures

Purpose of the Resolution:
1. Legally pause business operations without dissolving the company.
2. Reduce compliance obligations, such as tax filings, payroll, or audits.
3. Retain company registration for future use.
4. Avoid unnecessary penalties for failing to file active trading records.
5. Communicate to authorities (e.g., Registrar of Companies, KRA) that the company is inactive.

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Board Resolution for Declaration of Company as Dormant

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