PART XXWinding Up of Companies Registered Under this Act or the Former Companies Acts

CHAPTER IIWinding up by the Court

General powers of court in case of winding up by the court

568Dissolution of company

1

When the company's affairs have been completely wound up, the court (if the liquidator makes an application in that behalf) shall make an order that the company be dissolved from the date of the order, and the company is then dissolved accordingly.

2

A copy of the order shall within 14 days from its date be forwarded by the liquidator to the registrar of companies who shall record the company's dissolution.

3

If the liquidator makes default in complying with the requirements of subsection (2), he is liable to a fine and, for continued contravention, to a daily default fine.