TMI BlogCircumstances in which company may be wound up by TribunalX X X X Extracts X X X X X X X X Extracts X X X X ..... solved that the company be wound up by the Tribunal; (b) if the company has acted against the interests of the sovereignty and integrity of India, the security of the State, friendly relations with foreign States, public order, decency or morality; (c) if on an application made by the Registrar or any other person authorised by the Central Government by notification under this Act, the Tribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Circumstances in which company may be wound up by Tribunal 271. (1) A company may, on a petition under section 272, be wound up by the Tribunal,- (a) if the company is unable to pay its debts; (b) if the company has, by special resolution, resolved that the company be wound up by the Tribunal; (c) if the company has acted against ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) if the company has made a default in filing with the Registrar its financial statements or annual returns for immediately preceding five consecutive financial years; or (g) if the Tribunal is of the opinion that it is just and equitable that the company should be wound up. (2) A company shall be deemed to be unable to pay its debts,- (a) if a credit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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