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of <h1>Company Winding Up: Conditions Include Debt Inability, Business Suspension, or National Interest Breaches. Special Resolution May Apply.</h1> A company may be wound up by the Tribunal under several circumstances: if a special resolution for winding up is passed; failure to deliver statutory reports or hold meetings; non-commencement or suspension of business for a year; reduction of members below the statutory minimum; inability to pay debts; if deemed just and equitable by the Tribunal; failure to file financial documents for five consecutive years; or actions against national interests. Winding up under certain conditions requires an application by the Central or State Government.
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