Section 161. Penalty for not reporting dissolution of Company

161. Penalty for not reporting dissolution of Company. Extraordinary Powers of Court. 161. If the official liquidator makes default in reporting to the Registrar, in the case of a Company being wound up by the Court, the order that the Company be dissolved, he shall be liable to a penalty not exceeding one hundred rupees for every day during which he is so in default. Extraordinary 1882.] Companies. Extraordinary powers of Court.