Section 152Part 5 — Company Restructuring and Winding Up
Dissolution following winding up by the Court
←→ Navigate · Click subsection badges to collapse · Press ? for help
When the affairs of the company have been completely wound up, the Court shall make an order that the company be dissolved from the date of that order or such other date as the Court thinks fit, and the company shall be dissolved accordingly.
The effect of an order for dissolution in respect of a segregated portfolio is that its creditors ’ claims against the company shall be extinguished, notwithstanding that the company has not been liquidated a nd dissolved.
The official liquidator shall file the order for dissolution with the Registrar.
An official liquidator who fails to file the order for dissolution with the Registrar within fourteen days from the date , upon which it was perfected, commits an offence and is liable on summary conviction to a penalty of ten dollars for every day during which that person is so in default.