16/08/2024 Financial & Legal Services
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.
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. ...
Need to dissolve a US corporation? Our experts guide you through the winding up and dissolution process, ensuring compliance with state and federal re...
For the convenience of both the investors and the company, the section allows the company to accept a portion of the amount due on shares from a membe...
When registering a private limited company, avoid clear of frequent traps. It is essential to understand the registration process for private limited ...
More Details