Company winding up
akshay
(Querist) 01 December 2011
This query is : Resolved
whether a foreign company be wound up by indian courts? and if yes, then under which provisions of law.
ajay sethi
(Expert) 01 December 2011
a foreign company carrying on business in India can be wound up as an unregistered company even if it has been dissolved or has ceased to exist under the laws of the country of its incorporation.
The provisions relating to winding up of a unregistered company:-
â– Such a company can be wound up by the Tribunal but never voluntarily.
â– Circumstances in which unregistered company may be wound up are as follows:-
•If the company has been dissolved or has ceased to carry on business or is carrying on business only for the purpose of winding up its affairs.
• If the company is unable to pay its debts.
• If the Tribunal regards it as just and equitable to wind up the company.
R.Ramachandran
(Expert) 01 December 2011
Dear Mr. Akshay,
Please elaborate what do you exactly mean by Foreign Company.
Rajeev Kumar
(Expert) 01 December 2011
Please clarify what do you mean by Foreign company
Sailesh Kumar Shah
(Expert) 05 December 2011
answer of author is still pending?
author, you are busy?
