Dissolution of company: tribunal may order dissolution when winding up finished or liquidator cannot proceed. The Tribunal shall order dissolution when the company's affairs are completely wound up or when the liquidator cannot proceed and dissolution is just and reasonable; the order dissolves the company from its date. The liquidator must send a copy of the order to the Registrar within thirty days for a minute of dissolution, and failure to forward the copy attracts a daily fine for each day of default.
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Dissolution of company: tribunal may order dissolution when winding up finished or liquidator cannot proceed.
The Tribunal shall order dissolution when the company's affairs are completely wound up or when the liquidator cannot proceed and dissolution is just and reasonable; the order dissolves the company from its date. The liquidator must send a copy of the order to the Registrar within thirty days for a minute of dissolution, and failure to forward the copy attracts a daily fine for each day of default.
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