s 147 Release of liquidators and dissolution of company
147. When the liquidator —(a) has realised all the property of the company, or so much of the property of the company as can in the liquidator’s opinion be realised, without needlessly protracting the liquidation, and has distributed a final dividend (if any) to the creditors and adjusted the rights of the contributories among themselves and made a final return (if any) to the contributories; or (b) has resigned or has been removed from office, the liquidator may apply to the Court — (c) for an order that the liquidator be released; or (d) for an order that the liquidator be released and that the company be dissolved.