What is Winding up?

A company may wind up its affairs if it is unable to carry on its business, or it is not able to meet the financial obligation, etc. A company shall be voluntary wound up by itself or can opt for a modes given below.

Winding up by Tribunal: there are certain circumstance where the company shall be wound up by the Tribunal:

A company may, on a petition under section 272, be wound up by the tribunal:

What us the meaning of unable to pay its debts means

Who can file the petition?

A petition to the tribunal for the winding up of Company shall be presented by-

What are the powers of Tribunal?

The powers of tribunal are that on receipt of a petition for winding up under Section 272 of the Companies Act, 2013 may pass any of the orders such as:

Voluntary Winding up of a Company

Once the application is filled and submitted, then it shall be forwarded to the proper officer who will then examine the application and the documents attached. If everything i

The winding up can be done by the members of the Company by:

Passing a special resolution – the company passes a resolution requiring the company to be wound up by passing a special resolution, voluntarily on expiry of duration as under the articles of association or occurrence of any event in respect it should dissolved.

Steps under Voluntary Winding up

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