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<h1>Voluntary Company Closure Process Under Section 318: Liquidator's Role, Final Accounts, and Tribunal Approval Explained</h1> Section 318 of the Companies Act, 2013, as omitted by the Insolvency and Bankruptcy Code, 2016, outlined the procedure for the voluntary winding up of a company. Once the company's affairs were fully wound up, the Company Liquidator prepared a report, called a general meeting to present the final accounts, and sought members' resolution for dissolution. The Liquidator then submitted documents to the Registrar and Tribunal for dissolution orders. Upon Tribunal approval, the company was dissolved, and the Registrar published the notice. Non-compliance by the Liquidator could result in a fine up to one lakh rupees.