Tag Archives: declaration of solvency

As we discussed as per section 270 of the Companies Act, 2013, the winding up of a company may be either –

1. by the Tribunal; or
2. Voluntary.

CIRCUMSTANCES IN WHICH COMPANY MAY BE WOUND UP VOLUNTARILY (SECTION 304):

A company may be wound up voluntarily,—

1. if the company in general meeting passes a resolution requiring the company to be wound up voluntarily:
   1. as a result of the expiry of the period for its duration fixed by its articles, or
   2. on the occurrence of any event in respect of which the articles provide that the company should be dissolved; or
   3. the company passes a special resolution that the company be wound up voluntarily.

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