Article 96 - Dissolution and early dissolution
(1) Articles 96(2) and (3) apply, in the case of a
Company being wound up, where the Liquidator has sent to creditors his final account and return.
(2) On the expiration of three months from the date of despatch of the final account and return the
Company is deemed to be dissolved and the Liquidator must apply to the CRO for the Company to be struck from the register.
QFC Court may, on the application of any other person who appears to the QFC Court to be interested, make an order deferring the date on which the dissolution of the Company is to take effect for such time as the QFC Court thinks fit.
(4) Where the realisable assets of the
Company are insufficient to cover the expenses of the winding up, and the affairs of the Company do not require any further investigation, the Liquidator may at any time apply to the CRO for the early dissolution of the Company.
(5) Before making an application under Article 96(4), the
Liquidator shall give not less than 28 days' notice of his intention to do so to the Company's creditors and contributories.