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of <h1>Company Liquidator Must Apply for Dissolution After Winding Up; Fines for Delay in Notifying Registrar</h1> When a company's affairs are fully wound up, the Company Liquidator must apply to the Tribunal for its dissolution. The Tribunal may order the dissolution upon receiving the application or if it deems it just and reasonable. The company is dissolved from the order's date. The Liquidator must send a copy of the order to the Registrar within thirty days, who will record the dissolution. Failure to do so results in a fine of up to five thousand rupees per day of default.
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