https://www.taxtmi.com/caselaws?id=363153 A private company was held liable to be wound up where the record showed non-commencement of business, repeated failure to hold statutory meetings, non-filing of statutory returns and reports, and membership falling below the minimum required by law after the death of one member. These admitted facts brought the company within the statutory grounds for winding up under the Companies Act, 1956. The court accepted that persistent non-compliance with mandatory corporate obligations, together with reduction in membership below the prescribed minimum, justified winding up. en-us Tue, 19 Jun 2018 00:00:00 +0530 Sat, 16 Mar 2019 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363153 A private company was held liable to be wound up where the record showed non-commencement of business, repeated failure to hold statutory meetings, non-filing of statutory returns and reports, and membership falling below the minimum required by law after the death of one member. These admitted facts brought the company within the statutory grounds for winding up under the Companies Act, 1956. The court accepted that persistent non-compliance with mandatory corporate obligations, together with reduction in membership below the prescribed minimum, justified winding up. Case-Laws Companies Law Tue, 19 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363153