Members' voluntary winding up completed: company ordered to stand dissolved after compliance, no objections, and no public interest issue.

Members' voluntary winding up was treated as complete where the company had filed a declaration of solvency, passed the special resolution, and the liquidator had followed the prescribed procedure. Final accounts were approved and filed, the surplus was distributed, and no objection was raised by the Registrar of Companies or the Income Tax Department. The books showed nothing objectionable and no public interest issue arose. On that basis, the company was ordered to stand dissolved from the date of the order.

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Issues: Whether the company had completed the requirements for members' voluntary winding up and could be ordered to stand dissolved.

Analysis: The record showed that the company had been incorporated, a declaration of solvency had been filed, the special resolution for voluntary winding up had been passed, the voluntary liquidator had complied with the prescribed procedure, final accounts had been approved and filed, the surplus had been distributed, and no objections were received from the Registrar of Companies or the Income Tax Department. The books of account disclosed nothing objectionable and no public interest issue emerged.

Conclusion: The requirement for voluntary dissolution was satisfied and the company was directed to stand dissolved from the date of the order.

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