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of <h1>Company dissolution now effective from order date; liquidator and registrar share responsibility, with prior delay penalties removed</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 dissolution either on such application or on its own satisfaction that it is just and reasonable. Dissolution takes effect from the date of the Tribunal's order. Within thirty days of the order, the Tribunal must send a copy to the Registrar, who records the dissolution, and must also direct the company liquidator to send a copy to the Registrar for the same purpose. Earlier penal provisions for delay by the liquidator in forwarding the order have been omitted.
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