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2017 (12) TMI 240 - HC - Companies LawWinding up petition - Held that:- As stated in the report since there are no assets left with the company and except the balance of ₹ 14,953/-, there are no funds with the company, there is now no need for the Official Liquidator to further proceed with winding up of the company. The company, therefore, could be dissolved under Section 481 of the Act and the Liquidator could be relieved and discharged from his duty for winding up of the company. At the same time, Ex-directors could be directed to give undertaking that if any liability in future arises in connection with the company (in liquidation), they shall be responsible for such liabilities. In view of the above, M/s. Ashmi Financial Consultancy Private Limited - the company (in liquidation) is ordered to be dissolved under Section 481 of the Act. The Official Liquidator is discharged and relieved from his duty for winding up of the company. The Official Liquidator shall forward the copy of the present order to the Registrar of the company within 30 days from today.
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