https://www.taxtmi.com/caselaws?id=355910 A company in voluntary winding up was held to have complied with the statutory requirements for dissolution under section 497 of the Companies Act, 1956. The report showed declaration of solvency, appointment and notice of the voluntary liquidator, approval and filing of the final accounts, convening of the final meeting, and no objection from the Registrar of Companies. As the company's affairs did not appear to be conducted prejudicially to members or the public interest, and the absence of assets and liabilities was supported by the record, the Court accepted the report, ordered dissolution, directed the ex-directors to bear report expenses, and required preservation of the books of account for five years. en-us Thu, 15 Feb 2018 00:00:00 +0530 Wed, 21 Feb 2018 06:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355910 A company in voluntary winding up was held to have complied with the statutory requirements for dissolution under section 497 of the Companies Act, 1956. The report showed declaration of solvency, appointment and notice of the voluntary liquidator, approval and filing of the final accounts, convening of the final meeting, and no objection from the Registrar of Companies. As the company's affairs did not appear to be conducted prejudicially to members or the public interest, and the absence of assets and liabilities was supported by the record, the Court accepted the report, ordered dissolution, directed the ex-directors to bear report expenses, and required preservation of the books of account for five years. Case-Laws Companies Law Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355910