https://www.taxtmi.com/caselaws?id=347087 The Court granted the dissolution of the company under Section 481 of the Companies Act, 1956 due to the lack of assets and funds for settlement. The Official Liquidator was discharged, and professional fees were permitted to be paid from the common pool fund. The audit of accounts was dispensed with, and the Official Liquidator was directed to close the books of account after adjusting losses. The Court canceled a previously fixed date, concluding the proceedings related to the dissolution and winding up of the company. en-us Mon, 28 Aug 2017 00:00:00 +0530 Tue, 29 Aug 2017 07:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347087 The Court granted the dissolution of the company under Section 481 of the Companies Act, 1956 due to the lack of assets and funds for settlement. The Official Liquidator was discharged, and professional fees were permitted to be paid from the common pool fund. The audit of accounts was dispensed with, and the Official Liquidator was directed to close the books of account after adjusting losses. The Court canceled a previously fixed date, concluding the proceedings related to the dissolution and winding up of the company. Case-Laws Companies Law Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347087