Insolvency Act · s 177

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177.
Dissolution otherwise than under sections 175 and 176
(1) This section applies where the Registrar receives —
(a) a notice served for the purposes of section 143(7); or
(b) a notice from the Official Receiver that the winding up of a company by the Court is complete.
(2) The Registrar shall, on receipt of the notice, forthwith register it;
and, subject to subsections (3), (4) and (5) at the end of the period of 3
months beginning with the day of the registration of the notice, the company shall be dissolved.
(3) The Minister may, on the application of the Official Receiver or any other person who appears to the Minister to be interested, give a direction deferring the date at which the dissolution of the company is to take effect for such period as the Minister thinks fit.
(4) It is the duty of the person —
(a) on whose application a direction is given under subsection (3); or
(b) in whose favour an appeal with respect to an application for such a direction is determined, within 7 days after the giving of the direction, the determination of the appeal or the making of the order, to deliver to the Registrar, for registration, such a copy of the direction, determination or order as is prescribed.
(5) A person who, without reasonable excuse, fails to deliver a copy as required by subsection (4), is guilty of an offence and liable on conviction

Insolvency to a fine not exceeding $1,000, and, in the case of a continuing offence, with a further fine not exceeding $50 for every day or part thereof during which the offence continues after conviction.

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s 177Dissolution otherwise than under sections 175 and 176

(1)

This section applies where the Registrar receives —

(a)

a notice served for the purposes of section 143(7); or

(b)

a notice from the Official Receiver that the winding up of a company by the Court is complete.

(2)

The Registrar shall, on receipt of the notice, forthwith register it;

and, subject to subsections (3), (4) and (5) at the end of the period of 3

months beginning with the day of the registration of the notice, the company shall be dissolved.

(3)

The Minister may, on the application of the Official Receiver or any other person who appears to the Minister to be interested, give a direction deferring the date at which the dissolution of the company is to take effect for such period as the Minister thinks fit.

(4)

It is the duty of the person —

(a)

on whose application a direction is given under subsection (3); or

(b)

in whose favour an appeal with respect to an application for such a direction is determined, within 7 days after the giving of the direction, the determination of the appeal or the making of the order, to deliver to the Registrar, for registration, such a copy of the direction, determination or order as is prescribed.

(5)

A person who, without reasonable excuse, fails to deliver a copy as required by subsection (4), is guilty of an offence and liable on conviction