Dissolution of company by Tribunal

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

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.

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

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.

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.