https://www.taxtmi.com/acts?id=13035 Unregistered companies may be wound up under the Act subject to specified exceptions; they cannot be wound up voluntarily. Compulsory winding up arises where the company is dissolved, has ceased business or carries on solely to wind up, is unable to pay its debts, or where the Tribunal finds it just and equitable. Inability to pay is evidenced by a creditor's formal demand followed by prescribed non-payment, by service of suit-related notice with prescribed failure to respond, by execution returned unsatisfied, or by other proof to the Tribunal. The Tribunal may approve modes of service and determine insolvency on other satisfactory evidence. en-us Wed, 18 May 2011 18:46:41 +0530 Wed, 18 May 2011 18:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13035 Unregistered companies may be wound up under the Act subject to specified exceptions; they cannot be wound up voluntarily. Compulsory winding up arises where the company is dissolved, has ceased business or carries on solely to wind up, is unable to pay its debts, or where the Tribunal finds it just and equitable. Inability to pay is evidenced by a creditor's formal demand followed by prescribed non-payment, by service of suit-related notice with prescribed failure to respond, by execution returned unsatisfied, or by other proof to the Tribunal. The Tribunal may approve modes of service and determine insolvency on other satisfactory evidence. Act-Rules Companies Law Wed, 18 May 2011 18:46:41 +0530 https://www.taxtmi.com/acts?id=13035