As we discussed as per section 270 of the Companies Act, 2013, the winding up of a company may be either –
- by the Tribunal; or
CIRCUMSTANCES IN WHICH COMPANY MAY BE WOUND UP VOLUNTARILY (SECTION 304):
A company may be wound up voluntarily,—
- 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 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
- the company passes a special resolution that the company be wound up voluntarily.