CS Professional · Insolvency and Bankruptcy - Law and Practice · Voluntary Liquidation of Companies
The Adjudicating Authority passes a dissolution order for Kaveri Agro Pvt Ltd, a company in voluntary liquidation, on 10 March. By which date must a copy of the order be forwarded to the authority with which the company is registered?
The copy must be forwarded by 24 March. Section 59(9) requires a copy of the dissolution order to be sent to the authority with which the corporate person is registered within fourteen days of the order date, and 10 March plus fourteen days is 24 March.
- A17 March
- B24 MarchCorrect
- C9 April
- D8 June
Explanation
Section 59(9) requires a copy of the dissolution order to be forwarded within fourteen days of the order. Fourteen days from 10 March is 24 March. Seven days (17 March) is the period for notifying the resolution, not for forwarding the order.
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