Companies Act

Section 302. 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.

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(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.

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¹ [(3) The Tribunal shall, within a period of thirty days form the date of the order, —

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(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

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(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.]

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1. Subs. by Act 29 of 2020, s. 47, for sub-section (3) (w.e.f. 21-212020).
2. Sub-section (4) omitted by s. 47, ibid. (w.e.f. 21-12-2020).