Company dissolution: liquidator applies; Tribunal may order dissolution and direct Registrar recording within thirty days. When a company's affairs are completely wound up, the Company Liquidator must apply to the Tribunal for dissolution; the Tribunal may order dissolution on that application or on its own finding that dissolution is just and reasonable. The Tribunal must, within thirty days of the order, forward a copy to the Registrar and direct the Company Liquidator to forward a copy so the Registrar records a minute of the dissolution. A prior provision prescribing a daily fine for failure to forward the order has been omitted by amendment.
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Provisions expressly mentioned in the judgment/order text.
Company dissolution: liquidator applies; Tribunal may order dissolution and direct Registrar recording within thirty days.
When a company's affairs are completely wound up, the Company Liquidator must apply to the Tribunal for dissolution; the Tribunal may order dissolution on that application or on its own finding that dissolution is just and reasonable. The Tribunal must, within thirty days of the order, forward a copy to the Registrar and direct the Company Liquidator to forward a copy so the Registrar records a minute of the dissolution. A prior provision prescribing a daily fine for failure to forward the order has been omitted by amendment.
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