Dissolution of company by Tribunal

(1)

When the affairs of a company have been completely wound up, the Company Liquidator shall make an application to the Tribunal for dissolution of such company.

(2)

The Tribunal shall on an application filed by the Company Liquidator under sub-section ( 1 ) or when the Tribunal is of the opinion that it is just and reasonable in the circumstances of the case that an order for the dissolution of the company should be made, make an order that the company be dissolved from the date of the order, and the company shall be dissolved accordingly.

(3)

he Tribunal shall, within a period of thirty days from the date of the order,—

(a)

forward a copy of the order to the Registrar who shall record in the register relating to the company a minute of the dissolution of the company; and

(b)

direct the Company Liquidator to forward a copy of the order to the Registrar who shall record in the register relating to the company a minute of the dissolution of the company.

(3)

A copy of the order shall, within thirty days from the date thereof, be forwarded by the Company Liquidator to the Registrar who shall record in the register relating to the company a minute of the dissolution of the company.

(4)

If the Company Liquidator makes a default in forwarding a copy of the order within the period specified in sub-section ( 3 ), the Company Liquidator shall be punishable with fine which may extend to five thousand rupees for every day during which the default continues.

Notes, amendments & references (2)

Substituted vide Companies (Amendment) Act, 2020 dated 28.09.2020 with effect from 21.12.2020. To view the Act, Click Here . To view the commencement notification, Click Here .

(4) Omitted vide Companies (Amendment) Act, 2020 dated 28.09.2020 with effect from 21.12.2020. To view the Act, Click Here . To view the commencement notification, Click Here .