{"id":81272,"date":"2023-11-24T14:57:58","date_gmt":"2023-11-24T09:27:58","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=81272"},"modified":"2023-11-24T14:58:01","modified_gmt":"2023-11-24T09:28:01","slug":"section-271","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-271\/","title":{"rendered":"Section 271. Circumstances In Which Company May Be Wound Up By Tribunal"},"content":{"rendered":"\n<p><strong><span id='easy-footnote-1-81272' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-271\/#easy-footnote-bottom-1-81272' title='Subs. by s. 255 and the Eleventh Schedule, ibid., for section 271 (w.e.f. 15-11-2016).'><sup>1<\/sup><\/a><\/span>[271. Circumstances in which company may be wound up by Tribunal<\/strong>&#8212; A company may, on a petition under section 272, be wound up by the Tribunal,&#8211;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(a) if the company has, by special resolution, resolved that the company be wound up by the Tribunal;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(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;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(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 that the affairs of the company have been conducted in a fraudulent manner or the company was formed for fraudulent and unlawful purpose or the persons concerned in the formation or management of its affairs have been guilty of fraud, misfeasance or misconduct in connection therewith and that it is proper that the company be wound up;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(d) 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<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(e) if the Tribunal is of the opinion that it is just and equitable that the company should be wound up.]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[271. Circumstances in which company may be wound up by Tribunal&#8212; A company may, on a petition under section 272, be wound up by the Tribunal,&#8211; (a) if the company has, by special resolution, resolved that the company be wound up by the Tribunal; (b) if the company has acted against the interests of the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":"215"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 271. Circumstances In Which Company May Be Wound Up By Tribunal - Enterslice<\/title>\n<meta name=\"description\" content=\"Explore Section 271: Tribunal&#039;s role in winding up a company. Navigate legal nuances for a smooth process. 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