https://www.taxtmi.com/acts?id=17547 Section 251 provides that if an application under section 248(2) to remove a company's name is made to evade liabilities or to deceive creditors or defraud others, the persons in charge of management remain liable despite dissolution, being jointly and severally liable for losses suffered and punishable for fraud under the criminal provision; additionally, the Registrar may recommend prosecution of those responsible for filing the application. en-us Sat, 02 Mar 2013 14:35:18 +0530 Fri, 12 Dec 2025 12:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17547 Section 251 provides that if an application under section 248(2) to remove a company's name is made to evade liabilities or to deceive creditors or defraud others, the persons in charge of management remain liable despite dissolution, being jointly and severally liable for losses suffered and punishable for fraud under the criminal provision; additionally, the Registrar may recommend prosecution of those responsible for filing the application. Act-Rules Companies Law Sat, 02 Mar 2013 14:35:18 +0530 https://www.taxtmi.com/acts?id=17547