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of <h1>Company Ordered Dissolved; Funds Transferred to Public Account as Per Companies Act 1956 Section 481 and 555(2.</h1> <h3>In Re. : M/s. Electronic Circuits Limited (In Liquidation)</h3> The HC ordered the dissolution of M/s. Electronic Circuits Ltd. in liquidation per Section 481 of the Companies Act, 1956. The Official Liquidator must ... Seeking dissolution of M/s. Electronic Circuits Limited in liquidation has been filed under Section 481 of the Companies Act, 1956 - HELD THAT:- In the circumstances obtaining, this Court considers it appropriate to order dissolution of the Company M/s. Electronic Circuits Limited (in Liquidation) as provided under Section 481 of the 1956 Act. Accordingly, the Company in Liquidation stands dissolved under Section 481 of the 1956 Act. The Official Liquidator is directed to transfer the balance amount Rs. 4,55,858.10 in the Public Account of India in Reserve Bank of India under Section 555(2) of the 1956 Act. The company application disposed of accordingly. The High Court ordered the dissolution of M/s. Electronic Circuits Limited in liquidation under Section 481 of the Companies Act, 1956. The Official Liquidator is directed to transfer the remaining balance of Rs. 4,55,858.10 to the Public Account of India in the Reserve Bank of India under Section 555(2) of the 1956 Act.
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