https://www.taxtmi.com/manuals?id=5795 The just and equitable clause functions as an equitable overlay on statutory company rights, enabling courts to order winding up when equitable considerations make continued corporate existence inappropriate. It is not confined to statutory categories and typically applies where the company's history or shareholder relationships, a paralysing functional deadlock, or a justifiable lack of confidence exist; it also covers bubble companies and companies fraudulent in inception operating without real capital. en-us Wed, 20 Nov 2024 12:57:00 +0530 Wed, 02 Jul 2025 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5795 The just and equitable clause functions as an equitable overlay on statutory company rights, enabling courts to order winding up when equitable considerations make continued corporate existence inappropriate. It is not confined to statutory categories and typically applies where the company's history or shareholder relationships, a paralysing functional deadlock, or a justifiable lack of confidence exist; it also covers bubble companies and companies fraudulent in inception operating without real capital. Manuals Indian Laws Wed, 20 Nov 2024 12:57:00 +0530 https://www.taxtmi.com/manuals?id=5795