Circumstances in which company may be wound up by Tribunal

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..... ny 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 Tribunal is of the opinion t .....

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..... 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 the interests of the sovereignty and integrity of India, the security of the State, friendly relations .....

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..... 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 creditor, by assignment or otherwise, to whom the company is indebted for an amount exceeding one lakh rupees then due, has served on the company, by causing it to be delivered at its registered off .....

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