302. Dissolution of company by Tribunal.— (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.
(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.
(3) A copy of the order shall, within thirty days from the date thereof, be forwarded by the Company
Liquidator to the Registrar who shall record in the register relating to the company a minute of the
dissolution of the company.
(4) If the Company Liquidator makes a default in forwarding a copy of the order within the period
specified in sub-section (3), the Company Liquidator shall be punishable with fine which may extend to
five thousand rupees for every day during which the default continues.
