Section 414, The Companies Act, 2009

(1) As soon as the company’s affairs are fully wound upthe liquidator shall make up an account of the winding-up, showing how it has been conducted and the company’s property has been disposed of, and shall call a general meeting of the company and a meeting of the creditors for the purpose of laying the accounts before the meeting and giving an explanation of it. (2) The meeting shall be called by advertisement in the Gazette and in a newspaper, specifying its time, place and object and published at least one month before the meeting. (3) Within one week after the meeting, the liquidator shall send to the Commission a copy of the account, and shall make a return to it of the holding of the meeting and of its date; and if the copy is not sent or the return is not made in accordance with this subsection the liquidator is liable to a default fine. (4) If a quorum is not present at the meeting, the liquidator shall, in lieu of the return referred to in subsection (3), make a return that the meeting was duly summoned and that no quorum was present; and upon such a return being made, the provisions of subsection (3) as to the making of the return are deemed complied with. (5) The Commission, on receiving the account and either of these returns shall forthwith register them, and on the expiration of 3 months from the registration of the return the company is deemed to be dissolved; but the court may, on the application of the liquidator or of any other person who appears to the court to be interested, make an order deferring the date at which the dissolution of the company is to take effect for such time as the court thinks fit. (6) It is the duty of the person on whose application an order of the court, under this section is made within 7 days after the making of the order to deliver to the Commission an office copy of the order for registration; and if that person fails to do so he is liable to a default fine. (7) If the liquidator fails to call a general meeting of the company as required by subsection (1), he is liable to a default fine.