Members' voluntary winding up compliance supports company dissolution where statutory steps are completed and no objection is raised.

A company may be dissolved where the requirements for members' voluntary winding up are fully met, including a valid special resolution, declaration of solvency, publication of the liquidator's appointment, filing of statutory accounts, and completion of the final meeting. On the record examined, no objection was raised by the Registrar of Companies and no tax demand was shown, and the Court found no prejudice to members or the public interest. The company was accordingly ordered to stand dissolved from the date of filing of the petition.

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Issues: Whether the company had complied with the requirements governing members' voluntary winding up so as to justify its dissolution.

Analysis: The liquidation record showed that the special resolution for voluntary winding up was passed, the declaration of solvency was filed, notice of appointment of the voluntary liquidator was published, statutory statements of account were filed, the final meeting was duly convened, and no demand was shown by the income tax department. The Registrar of Companies also raised no objection. On scrutiny of the record, the Court found compliance with the relevant provisions governing members' voluntary winding up and found no material indicating prejudice to members or the public interest.

Conclusion: The company was ordered to stand dissolved from the date of submission of the petition, and the petition was disposed of.

Ratio Decidendi: Where the statutory steps for members' voluntary winding up are duly completed and the official authorities raise no objection, the Court may order dissolution of the company.

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