Section 250:
Effect of company notified as dissolved.
Where a company stands dissolved under section
248, it shall on and from the date mentioned in the notice under sub-section (5) of that section cease to
operate as a company and the Certificate of Incorporation issued to it shall be deemed to have been
cancelled from such date except for the purpose of realising the amount due to the company and for the
payment or discharge of the liabilities or obligations of the company.