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of <h1>Companies Act Section 481: Company Dissolution Order Issued Upon Winding Up or Tribunal Decision, Liquidator Must Notify Registrar</h1> Under Section 481 of the Companies Act, 1956, a company may be dissolved when its affairs are fully wound up or if the Tribunal deems it just and reasonable due to lack of funds or other reasons. The Tribunal issues an order for dissolution, effective from the date of the order. The liquidator must forward a copy of this order to the Registrar within thirty days, who will record the dissolution. Failure to forward the order results in a fine of up to five hundred rupees per day of default.
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