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of <h1>Winding up unregistered companies under Companies Act 2013 Sections 375-378 for debt, dissolution or just and equitable grounds</h1> Unregistered companies may be wound up under the Companies Act, 2013, in the prescribed manner, and general winding up provisions apply with specified exceptions. Such companies cannot be wound up voluntarily and may be wound up only by the Tribunal if dissolved, non-operational except for winding up, unable to pay debts, or where just and equitable. Inability to pay is deemed where a debt over one lakh rupees remains unpaid for three weeks after demand, proceedings against a member are not appropriately addressed within ten days, execution of a decree is returned unsatisfied, or otherwise proved. 'Unregistered company' generally includes larger firms, LLPs, societies, and associations, but excludes specified registered and railway companies.
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