https://www.taxtmi.com/caselaws?id=354914 The Court ordered the dissolution of the company under section 481 of the Companies Act, 1956, relieving the Official Liquidator of duties. The ex-directors were required to provide an undertaking for future liabilities. The Court approved payment of a professional fee bill to the Chartered Accountant and transfer of remaining funds to the Company Paid Staff Salary Reserve Fund Account, concluding the liquidation process due to lack of assets. en-us Fri, 02 Feb 2018 00:00:00 +0530 Tue, 06 Feb 2018 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354914 The Court ordered the dissolution of the company under section 481 of the Companies Act, 1956, relieving the Official Liquidator of duties. The ex-directors were required to provide an undertaking for future liabilities. The Court approved payment of a professional fee bill to the Chartered Accountant and transfer of remaining funds to the Company Paid Staff Salary Reserve Fund Account, concluding the liquidation process due to lack of assets. Case-Laws Companies Law Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354914