NCLT1 min read
Compulsory Winding Up
Winding up of a company by NCLT under Section 271 of Companies Act 2013 on grounds including inability to pay debts, just and equitable cause, default in filing financial statements, and fraudulent conduct.
Last updated: 17 May 2026
Frequently Asked Questions (FAQs)🔗
Q1. What is Compulsory Winding Up in Indian corporate law?▼
Winding up of a company by NCLT under Section 271 of Companies Act 2013 on grounds including inability to pay debts, just and equitable cause, default in filing financial statements, and fraudulent conduct.
Q2. Why is Compulsory Winding Up important for compliance?▼
Compulsory Winding Up is adjudicated by the National Company Law Tribunal under the Companies Act, 2013 or IBC. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Q3. Who should know about Compulsory Winding Up?▼
Compulsory Winding Up is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with NCLT regulatory matters in India.
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