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Circumstances in which company may be wound up by court.
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129. A company may be wound up by the court—
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(i) if the company has by special resolution resolved that the company be wound up by the court :
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(ii) if default is made in filing the statutory report or in holding the statutory meeting :
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(iii) if the company does not commence its business within a year from its incorporation, or suspends its business for a whole year :
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(iv) if the number of members is reduced, in the case of a private company, below two, or, in the case of any other company, below seven :
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(v) if the company is unable to pay its debts :
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(vi) if the court is of opinion that it is just and equitable that the company should be wound up.
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