Company dissolution process allows tribunal to order dissolution, direct balance application or payment and dispose of company records. Rule 175 empowers the Tribunal, after hearing the Company Liquidator and other notified persons and perusing the audited account, to order the company's ... Summary
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Company dissolution process allows tribunal to order dissolution, direct balance application or payment and dispose of company records.
Rule 175 empowers the Tribunal, after hearing the Company Liquidator and other notified persons and perusing the audited account, to order the company's dissolution, direct application of the balance in the liquidator's hands subject to the Act or require payment into the Company Liquidation Dividend and Undistributed Assets Account, and order disposal of the company's and liquidator's books and papers.
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