Winding up of unregistered companies.

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....red company, with the exceptions and additions mentioned in sub-sections ^[1][(3)] to (5). ^[2][(2) * * *] (3) No unregistered company shall be wound-up under this Act voluntarily ^[3][by the Tribunal]. (4) The circumstances in which an unregistered company may be wound-up are as follows:      (a) if the company is dissolved, or has ceased to carry on business, or i....

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....pprove or direct, a demand under his hand requiring the company to pay the sum so due, and the company has, for three weeks after the service of the demand, neglected to pay the sum or to secure or compound for it to the satisfaction of the creditor;      (b) if any suit or other legal proceeding has been instituted against any member for any debt or demand due, or claimed t....

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....sp;  (iii) indemnified the defendant to his satisfaction against the suit or other legal proceeding, and against all costs, damages and expenses to be incurred by him by reason of the same;      (c) if execution or other process issued on a decree or order of any Court ^[9][or Tribunal] in favour of a creditor against the company, or any member thereof as such, or any p....

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.... principal place of business situate in more than one State, then, in each State where it has a principal place of business; and the principal place of business situate in that State in which proceedings are being instituted shall, for all the purposes of the winding up, be deemed to be the registered office of the company." [3] Substituted for "or subject to the supervision of the Court" by th....