THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.390 of 2011 15th April, 2011 Between :- The Official Liquidator, High Court of Andhra Pradesh, Hyderabad .. Applicant THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.390 of 2011 ORDER:- This application has been taken out by the Official Liquidator under Rule 9 of the Companies (Court) Rules, 1959 read with Section 497 (6) of the Companies Act, 1956, to take out his report on file and permit him to meet the costs of the Court fee of this application out of the estate and establishment fund. M/s. Oatsystems Private Limited was incorporated on 29-7- 2002 under the provisions of the Companies Act. A resolution came to be passed by the shareholders of the company in the General Meeting held on 13-7-2006 for voluntarily winding up of the company and appointed one Ashish Vikram as Liquidator of the Company in liquidation. The liquidator placed on record his report before the Official Liquidator along with his letter. The said liquidator has disposed of the assets of the company and distributed the proceeds to the creditors of the company. The said particulars have been detailed in para 6 of the petition which reads as hereunder:- “The Official Liquidator humbly submits, that he has examined the return submitted by the Liquidator and upon such examination, a further enquiry was made with the Company Liquidator on 16-9-2010 and 22-2-2011 in order to ascertain as to whether or not the affairs of the company have been conducted in amanner prejudicial to the interest of its members or to the public interest. As per the statement submitted and the information made available by the Liquidator, it was found that, the Liquidator has given statement from 13-7-2006 to 26-4-2010 i.e., from the date of the commencement of business until the date of pursuing the resolution in Form No.156, the Liquidator has realized a sum of Rs.14,79,048/- against Cash at Bank and the Liquidator has incurred the following liquidation expenses. Legal charges Rs. 2,67,952/- Costs of notices in Gazette and Newspapers, incidental outlay Rs. 63,001/- Rates & Taxes (Dividend(s) Distribution Tax Rs. 53,834/- Returns to contributors Rs. 10,94,261/- Total Rs.14,79,048/- The Official Liquidator has verified the statement of accounts furnished by Ashish Vikram and found them been in accordance with the Rules. Heard learned Counsel appearing for the Official Liquidator and perused the material placed on record. The Official Liquidator has verified the statement of accounts furnished by Liquidator and found them in order. In that view of the matter, I do not see any impediment in permitting the Official Liquidator to take on record the report submitted by the Liquidator and accordingly, the Company stands dissolved from this day. The application is allowed accordingly. _________________________ B.Seshasayana Reddy, J 15th April, 2011 smr