Cos 250 — Effect of company notified as dissolved

Companies Act, 2013

Statutory text

Where a company stands dissolved under section 248, it shall on and from the date mentioned in the notice under sub-section (5) of that section cease to operate as a company and the Certificate of Incorporation issued to it shall be deemed to have been cancelled from such  date  except  for  the  purpose  of  realising  the  amount  due  to  the  company  and  for  the  payment  or discharge of the liabilities or obligations of the company.

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