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CS Professional · Corporate Restructuring, Valuation and Insolvency · Winding-up by Tribunal under the Companies Act, 2013

The affairs of Kaveri Textiles Ltd have been completely wound up by the Company Liquidator under a Tribunal winding-up order. What must the Company Liquidator do next to bring the company's existence to an end?

The Company Liquidator must apply to the Tribunal for dissolution once the affairs are completely wound up. The Tribunal then makes an order dissolving the company from the date of the order, and a copy goes to the Registrar for recording.

  1. AMake an application to the Tribunal for dissolution of the companyCorrect
  2. BDirectly file a notice of dissolution with the Registrar and strike off the name
  3. CWait for the Central Government to issue a dissolution notification
  4. DCall a general meeting of members to pass a special resolution for dissolution

Explanation

Under section 302(1), once the affairs are completely wound up, the Company Liquidator applies to the Tribunal for dissolution. The Tribunal then orders dissolution. The Registrar cannot act on the liquidator's own notice, and members' resolution has no role in this stage.

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