Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 304

Dissolution of company

304.
(1) Where the affairs of a company have been completely wound up, the court shall, where the liquidator makes an application in that, behalf, make an order that the company be dissolved from the date of such order, and the company shall be dissolved accordingly.
(2) A copy of the order made under the provisions of sub section (1) shall within fourteen days from the date of such order, be forwarded by the liquidator to the Registrar who shall make in his books a minute of the dissolution of the company.
(3) Where the liquidator makes default in complying with the requirements of this section, he shall be guilty of an offence and shall be liable to a fine not exceeding two hundred and fifty rupees for every day during which the default continues.


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