Bare Act Search Results
Home Bare Acts Phrase: woundSign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free TrialCompanies Act, 1956 Section 433
Title: Circumstances in Which Company May Be Wound Up by Tribunal
State: Central
Year: 1956
.....its balance sheet and profit and loss account or annual return for any five consecutive financial years; (h) 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; (i) if the Tribunal is of the opinion that the company sh ould be wound up under the circumstances specified in section 424G: Provided that the Tribunal shall make an order for winding up of a company under clause (h) on application made by the Central Government or a State Government.] _____________________ 1. Substituted by Act 11 of 2003, Section 51, for Section 433.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 271
Title: Circumstances in Which Company May Be Wound Up by Tribunal
State: Central
Year: 2013
.....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 office, by registered post or otherwise, a demand requiring the company to pay the amount so due and the company has failed to pay the sum within twenty-one days after the receipt of such demand or to provide adequate security or re-structure or compound the debt to the reasonable satisfaction of the creditor; (b) if any execution or other process issued on a decree or order of any court or tribunal in favour of a creditor of the company is returned unsatisfied in whole or in part; or (c) if it is proved to the satisfaction of the Tribunal that the company is unable to pay its debts, and, in determining whether a company is unable to pay its debts, the Tribunal shall take into account the contingent and prospective liabilities of the company.
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 484
Title: Circumstances in Which Company May Be Wound Up Voluntarily
State: Central
Year: 1956
(1) A company may be wound up voluntarily-- (a) when the period, if any, fixed for the duration of the company by the articles has expired, or the event, if any, has occurred, on the occurrence of which the articles provide that the company is to be dissolved, and the company in general meeting passes a resolution requiring the company to be wound up voluntarily; (b) if the company passes a special resolution that the company be wound up voluntarily. (2) In this Act, the expression "a resolution for voluntary winding up" means a resolution passed under clause (a) or (b) of sub-section (1).
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 64
Title: Circumstances in Which Limited Liability Partnership May Be Wound Up Bytribunal
State: Central
Year: 2008
A limited liability partnership may be wound up by the Tribunal,-- (a) if the limited liability partnership decides that limited liability partnership be wound up by the Tribunal; (b) if, for a period of more than six months, the number of partners of the limited liability partnership is reduced below two; (c) if the limited liability partnership is unable to pay its debts; (d) if the limited liability partnership has acted against the interests of the sovereignty and integrity of India, the security of the State or public order; (e) if the limited liability partnership has made a default in filing with the Registrar the Statement of Account and Solvency or annual return for any five consecutive financial years; or (f) if the Tribunal is of the opinion that it is just and equitable that the limited liability partnership be wound up.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 304
Title: Circumstances in Which Company May Be Wound Up Voluntarily
State: Central
Year: 2013
A company may be wound up voluntarily,-- (a) if the company in general meeting passes a resolution requiring the company to be wound up voluntarily as a result of the expiry of the period for its duration, if any, fixed by its articles or on the occurrence of any event in respect of which the articles provide that the company should be dissolved; or (b) if the company passes a special resolution that the company be wound up voluntarily.
View Complete Act List Judgments citing this sectionBombay Non-trading Corporations Act, 1959, (Maharashtra) Section 43
Title: Circumstances in Which Corporation May Be Wound Up Voluntarily
State: Maharashtra
Year: 1959
(1) A corporation may be wound up voluntarily- (a) when the period, if any, fixed for the duration of the corporation by the articles has expired, or the event, if any, has occurred, on the occurrence of which the articles provide that the corporation is to be dissolved, and the corporation in general meeting passes a resolution requiring the corporation to be wound up voluntarily; (b) if the corporation passes a special resolution that the corporation be wound up voluntarily. (2) A voluntary winding up shall be deemed to commence at the time when the resolution for voluntary winding up is passed under clause (a) or (b) of sub-section (1).
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 440
Title: Right to Present Winding Up Petition Where Company is Being Wound Up Voluntarily
State: Central
Year: 1956
1 [440 . Right to present winding up petition where company is being wound up voluntarily ( 1 ) Where a company is being wound up voluntarily, a petition for its winding up by the Tribunal may be presented by -- (a) any person authorised to do so under section 439; or (b) the Official Liquidator. ( 2 ) The Tribunal shall not make a winding up ord er on a petition presented to it under sub-section ( 1 ), unless it is satisfied that the voluntary winding up cannot be continued with due regard to the interests of the creditors or contributories or both.] _____________________ 1. Substituted by Act 11 of 2003, Section 56, for Section 440 (See Annexe).
View Complete Act List Judgments citing this sectionChit Funds Act, 1982 Section 48
Title: Circumstances Under Which Chits May Be Wound Up
State: Central
Year: 1982
.....or (c) if he fails to deposit any amount required to be deposited under any of the provisions of this Act; or (d) if it is proved to the satisfaction of the Registrar that the foreman is unable to pay the amounts due to the subscribers; or (e) if the execution or other process issued on an order passed by the Registrar in favour of any subscriber in respect of amounts due to him from the foreman in relation to the chit business is returned unsatisfied in whole or in part; or (f) if it is proved that there has been a fraud or collusion on the part of the foreman in the matter of taking securities from any prized subscriber; or (g) if the foreman has appropriated the prize amount in his capacity as a subscriber without furnishing sufficient security for future subscriptions; or (h) if the Registrar is satisfied that the affairs of the chit are being conducted in a manner prejudicial to the interests of the subscribers; or (i) if it is just and equitable that the chit should be wound up. Explanation.-For the purpose of clause (d), in determining whether the foreman is unable to pay the amount due to the subscribers, the Registrar shall, take into account his.....
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 433 to 438
Title: Cases in Which Company May Be Wound Up by the Tribunal
State: Central
Year: 1956
Cases in which company may be wound up by the1[Tribunal] _____________________________ 1. Substituted by Act 11 of 2003, Section 50, for "Court".
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 535
Title: Disclaimer of Onerous Property in Case of a Company Which is Being Wound Up
State: Central
Year: 1956
.....or assignment for the purpose: Provided that, where the property disclaimed is of a lease-hold nature the1[Tribunal] shall not make a vesting order in favour of any person claiming under the company, whether as under-lessee or as mortgage or holder of a charge by way of demise, except upon the terms of making that person-- (a) subject to the same liabilities and obligations as those to which the company was subject under the lease in respect of the property at the commencement of the winding up; or (b) if the1[Tribunal] thinks fit, subject only to the same liabilities and obligations as if the lease had been assigned to that person at that date; and in either event (if the case so requires) as if the lease had comprised only the property comprised in the vesting order; and any mortgagee or under-lessee declining to accept a vesting order upon such terms shall be excluded from all interest in and security upon the properly, and, if there is no person claiming under the company who is willing to accept an order upon such terms, the1[Tribunal] shall have power to vest the estate and interest of the company in the property in any person liable, either personally or in a.....
View Complete Act List Judgments citing this section- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial