Document ID: chunk:federal_register_of_legislation:C2004A02825:body:0:p59
Version: federal_register_of_legislation:C2004A02825
Segment Type: other
Provision Reference: 
Character Range: 144499–147223

only if, throughout that period, the corporation—
     (a) did not receive or become entitled to any income or incur or become liable for any expenditure;
     (b) did not purchase, sell or supply any goods or other property, or any services, or enter into any agreement or pass any resolution in relation to the purchase, sale or supply of goods or other property, or services;
     (c) did not issue, sell, purchase or make available any securities, or enter into any agreement or pass any resolution in relation to the issue, sale, purchase or making available of securities;
     (d) did not issue a prospectus or statement, or enter into any agreement or pass any resolution in relation to the issue of a prospectus or statement, in connection with the issue, sale, purchase or making available, or the proposed issue, sale, purchase or making available, of any securities;
     (e) did not take part in any research, development or exploration activities, or enter into any agreement or pass any resolution in relation to taking part in research, development or exploration activities;
     (f) was not, and did not become, a party to any lease, franchise, joint venture or partnership arrangement, and did not take part in any lease, franchise, joint venture or partnership arrangement, or enter into any agreement or pass any resolution in relation to becoming a party to, or taking part in, any lease, franchise, joint venture or partnership arrangement;
     (g) did not make, receive or guarantee any loan, or enter into any agreement or pass any resolution in relation to making, receiving or guaranteeing a loan;
     (h) was not, and did not become, a party to any underwriting agreement and did not enter into any agreement or pass any resolution in relation to becoming a party to any underwriting agreement;
     (j) did not obtain or receive a grant of any licence or other authority, or make any application or pass any resolution in relation to obtaining a licence or other authority; and

     (k) was not, and did not become, a party to any litigation or negotiations with any other person or body.
"(2) A corporation shall not be taken not to have been dormant throughout a particular period by reason only that, during that period, the corporation—
     (a) issued shares to a person who was a subscriber to the memorandum of the corporation;
     (b) held shares in another corporation that was dormant throughout that period;
     (c) received or became entitled to income by way of a payment of a charge imposed by the corporation in connection with the performance by the corporation of an obligation imposed by this Act or by any corresponding law, being a charge imposed in accordance with this