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Section 302: Dissolution of company by Tribunal

Companies Act, 2013 · Chapter XX: Winding Up · In force

This section is for the process of dissolving a company by the Tribunal after its affairs have been completely wound up.

The section, clause by clause

What the section says
In plain terms
(1)When the affairs of a company have been completely wound up, the Company Liquidator shall make an application to the Tribunal for dissolution of such company.
The Company Liquidator must apply to the Tribunal to dissolve a company once its affairs have been completely wound up.
(2)The Tribunal shall on an application filed by the Company Liquidator under sub-section (1) or when the Tribunal is of the opinion that it is just and reasonable in the circumstances of the case that an order for the dissolution of the company should be made, make an order that the company be dissolved from the date of the order, and the company shall be dissolved accordingly.
The Tribunal will order a company to be dissolved from the date of the order if the Company Liquidator applies or if it thinks dissolution is just and reasonable.
(3)The Tribunal shall, within a period of thirty days form the date of the order, —
(3)(a)forward a copy of the order to the Registrar who shall record in the register relating to the company a minute of the dissolution of the company; and
(3)(b)direct the Company Liquidator to forward a copy of the order to the Registrar who shall record in the register relating to the company a minute of the dissolution of the company.] 2*

The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.

Amendment notes

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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.