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Under the Companies Act, 2013, a company may be wound up by Tribunal if:

Section 271(a) allows winding up by the Tribunal "if the company has, by special resolution, resolved that the company be wound up by the Tribunal". An ordinary resolution…

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Under the Companies Act, 2013, a company may be wound up by Tribunal if:

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Answer and explanation

Correct answer A

Section 271(a) allows winding up by the Tribunal "if the company has, by special resolution, resolved that the company be wound up by the Tribunal". An ordinary resolution is not enough, and default in holding the statutory meeting or not commencing business within a year were grounds under s.433 of the 1956 Act, not the 2013 Act.

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