No, both are different from each other having a very thin line drawn between them. A company is dormant company if it has chosen to make an application to get a ‘dormant’ status from the Registrar of companies in compliance with the requirements Section 455 of the Companies Act 2013. On the other hand, a shell company is the one having neither active business operation nor significant assets which are typically suspected of illegal activities mainly tax evasion and financing the illegal activities.