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Companies (Consolidation) Act 1908
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129Circumstances in which company may be wound up by court.
A company may be wound up by the court—
(i)if the company has by special resolution resolved that the company be wound up by the court:
(ii)if default is made in filing the statutory report or in holding the statutory meeting :
(iii)if the company does not commence its business within a year from its incorporation, or suspends its business for a whole year :
(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 :
(v)if the company is unable to pay its debts :
(vi)if the court is of opinion that it is just and equitable that the company should be wound up.
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