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of <h1>Tribunal Can Void Company Dissolution Under Section 559 of Companies Act 1956 Within Two Years; Compliance Required.</h1> Section 559 of the Companies Act, 1956, grants the Tribunal the authority to declare a company's dissolution void within two years of its occurrence. This can be initiated by the company's liquidator or any interested party. If the Tribunal issues such an order, the company is treated as if it were never dissolved, allowing for the continuation of proceedings. The applicant must file a certified copy of the order with the Registrar within thirty days, or face a daily fine of up to five hundred rupees for non-compliance.
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