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What are the grounds for winding up a company by the tribunal?

Posted by jobseeker Lavanya Bhardwaj | Approved
Answers (1)

1. Inability to pay debts.

2. Special resolution passed by the company for winding up.

3. Acts against the sovereignty, integrity, or security of India.

4. Default in filing financial statements or annual returns for 5 consecutive years.

5. Conducting business fraudulently or for unlawful purposes.

6. Just and equitable to wind up the company (e.g., deadlock, loss of substratum).

Answered by jobseeker Vipra | Approved

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