What are the consequences, if the Articles of the Company fixed the period or duration for which company may be active and that period expires ?

If the articles of the company fixed the period of duration of continuation of the company and that period expires, XYZ Ltd. under section 59(3)(c)(ii) of the Code shall pass a resolution of the members of the company in a general meeting requiring the company to be liquidated voluntarily as a result of expiry of the period of its duration, if any, fixed by its articles or on the occurrence of any event in respect of which the articles provide that the company shall be dissolved, as the case may be and appointing an insolvency professional to act as the liquidator.