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of <h1>Company Winding Up u/ss 271 and 272: Key Grounds, Fraud, Non-Filing, and Just and Equitable Relief</h1> Section 271 of the Companies Act, 2013 empowers the Tribunal to wind up a company on a petition under section 272 in specified circumstances. These include: a special resolution by the company for winding up; acting against the sovereignty and integrity of India, security of the State, foreign relations, public order, decency, or morality; a finding, on application by the Registrar or authorised person, that the company's affairs are fraudulent, unlawful, or involve fraud, misfeasance, or misconduct; default in filing financial statements or annual returns for five consecutive financial years; or where the Tribunal finds it just and equitable to order winding up. The 2016 amendment removed inability to pay debts as a ground.
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