Export Promotion Act, 1959

Winding up of the Company.

21.—(1) The Company may resolve by extraordinary resolution to wind up the Company.

(2) Where the Company passes a resolution under subsection (1) of this section and, in pursuance of subsection (1) of section 70 of the Companies Consolidation Act, 1908, prints and forwards to the registrar of companies a copy of the resolution, the registrar shall register the copy of the resolution, certify the registration under his hand and forthwith forward a copy of the certificate to the Minister.

(3) Upon receipt of the copy of the certificate forwarded by the registrar of companies under subsection (2) of this section, the Minister shall by order appoint a day (not being earlier than the establishment day) to be the day on which the Company shall stand dissolved and the Company shall, notwithstanding anything contained in the Companies Acts, stand dissolved on the day appointed by the order.

(4) Sections 183 , 184 and 186 of the Companies Consolidation Act, 1908 , shall not have effect in relation to the winding up of the Company.

(5) The provisions of the Schedule to this Act shall have effect on the dissolution of the Company.