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Dissolution

If the winding up continues for more than a year, the liquidator must file progress reports with the registrar at such intervals as the court may prescribe s.333. When the winding up is complete the liquidator may either:

(a) Apply to the court for an order dissolving the company, and file a copy of the order with the registrar within 14 days s.269: the dissolution operates from the date of the order, but the court may declare it void at any time within two years s.352; or

(b) Apply to the registrar to strike the company's name off the register as being defunct 5338: the registrar will then strike off the company's name two years after the release of the liquidator by three months' notice to the O.R. and in the Gazette.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M9516461

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