According to Section 271 of the Companies Act, a Tribunal has complete authority to make a winding-up order, but only under the following conditions. The circumstances are as follows: 1: Bypassing of special resolution for winding up; 2: Inability to pay debts; 3: Deadlock in management; 4: Sick Company; 5: Acts against the State; 6: Fraudulent Conduct of Business; 7: In case the company fails to file financial statements with the Registrar; 8: If it seems just, reasonable, and equitable to wind up.