Who of the following can apply for winding up of a company ?
Section 272 of the Companies Act, 2013 lists who may petition the Tribunal for winding up, including the company, contributories and the Registrar. As originally enacted it…
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Who of the following can apply for winding up of a company ?
Answer and explanation
Correct answer D
Section 272 of the Companies Act, 2013 lists who may petition the Tribunal for winding up, including the company, contributories and the Registrar. As originally enacted it also included "any creditor or creditors"; since the amendments made by the Insolvency and Bankruptcy Code, 2016, creditors seek a company's resolution or liquidation for unpaid debts under that Code instead.
The auditor, members of the public and trade unions of the area have no standing to petition.
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