Company winding-up: Tribunal may order winding up for special resolution, fraud, prolonged non filing, or just and equitable reasons. A company may be wound up by the Tribunal on petition where the company has resolved by special resolution to wind up; has acted against sovereignty, security, friendly relations, public order, decency or morality; where the Registrar or authorised person shows the affairs were conducted fraudulently or for unlawful purposes or persons involved were guilty of fraud, misfeasance or misconduct; where the company failed to file financial statements or annual returns for five consecutive years; or where the Tribunal finds it just and equitable that the company be wound up.