https://www.taxtmi.com/caselaws?id=98864 A foreign company carrying on business in India may be wound up as an unregistered company under Part X of the Companies Act, and the existence of a place of business and head office in Bombay was sufficient to found jurisdiction. On the merits at the admission stage, allegations that the company had ceased business, its substratum had failed, its later activities were ultra vires, and the directors were not validly appointed disclosed a prima facie case for judicial inquiry. The petition was therefore admitted and directed to be advertised for further hearing rather than summarily rejected. en-us Wed, 30 Jun 1971 00:00:00 +0530 Tue, 24 Jan 2012 13:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98864 A foreign company carrying on business in India may be wound up as an unregistered company under Part X of the Companies Act, and the existence of a place of business and head office in Bombay was sufficient to found jurisdiction. On the merits at the admission stage, allegations that the company had ceased business, its substratum had failed, its later activities were ultra vires, and the directors were not validly appointed disclosed a prima facie case for judicial inquiry. The petition was therefore admitted and directed to be advertised for further hearing rather than summarily rejected. Case-Laws Companies Law Wed, 30 Jun 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98864