PART IVWinding Up.

Ordinary Powers of Court.

172Dissolution of company.

1

When the affairs of a company have been completely wound up, the court shall make an order that the company be dissolved from the date of the order, and the company shall be dissolved accordingly.

2

The order shall be reported by the liquidator to the registrar of companies who shall make in his books a minute of the dissolution of the company.

3

If the liquidator makes default in complying with the requirements of this section he shall be liable to a fine not exceeding five pounds for every day during which he is in default.