Company dissolution ends corporate existence; certificate is deemed cancelled while allowing asset realisation and liability discharge. A company notified as dissolved ceases to operate as a company from the date in the dissolution notice, and its Certificate of Incorporation is deemed cancelled from that date, except for the purpose of realising the company's assets and for payment or discharge of its liabilities or obligations.
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Provisions expressly mentioned in the judgment/order text.
Company dissolution ends corporate existence; certificate is deemed cancelled while allowing asset realisation and liability discharge.
A company notified as dissolved ceases to operate as a company from the date in the dissolution notice, and its Certificate of Incorporation is deemed cancelled from that date, except for the purpose of realising the company's assets and for payment or discharge of its liabilities or obligations.
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