Members' voluntary liquidation complied with statutory requirements, leading to dissolution of the company under the Companies Act.

Members' voluntary liquidation was completed after filing the declaration of solvency, appointing and replacing liquidators, publishing notices, holding the final meeting, filing final accounts in the prescribed forms, and obtaining a no-dues certificate from the Income Tax Department. With no objection from the Registrar of Companies and the Official Liquidator satisfied that the statutory requirements were met and that the company's affairs had not been conducted prejudicially to members or the public interest, the company was ordered to be dissolved and deemed dissolved from the date of filing of the petition.

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Issues: Whether the company, having completed members' voluntary liquidation and complied with the statutory requirements, was liable to be dissolved under section 497(6) of the Companies Act, 1956.

Analysis: The petition was supported by the record of incorporation, declaration of solvency, appointment and resignation of successive voluntary liquidators, publication of notices, holding of the final meeting, filing of accounts in the prescribed forms, receipt of no-dues certificate from the Income Tax Department, and absence of objection from the Registrar of Companies. The Official Liquidator recorded satisfaction that the requirements of the Act had been fulfilled and that the affairs of the company had not been conducted in a manner prejudicial to the interests of members or the public interest.

Conclusion: The company was ordered to be dissolved and deemed dissolved from the date of filing of the petition.

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