Circumstances in which company may be wound up by Tribunal.

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....sp;    (a) if the company has, by special resolution, resolved that the company be wound up by the Tribunal;      (b) if default is made in delivering the statutory report to the Registrar or in holding the statutory meeting;      (c) if the company does not commence its business within a year from its incorporation, or suspends its busi....

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....cency or morality;       (i) if the Tribunal is of the opinion that the company should be wound up under the circumstances specified in section 424G: Provided that the Tribunal shall make an order for winding up of a company under clause (h) on application made by the Central Government or a State Government.]     ----------------------------------....