Section 234 Companies Act Explained: Power of Tribunal to order winding up of company | Nyaya

Statutory Content

What does Section 234 of Companies Act say?

The Tribunal may, by an order, direct the winding up of a company, if it is satisfied that the company is unable to pay its debts, or that the company has committed a breach of any of the provisions of this Act, or that the company has acted in a manner prejudicial to the interests of its members or creditors.

Indian StandardSection 234, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 234 (India)

Court Pleading StandardSection 234 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 234 Companies Act

What is Section 234 of Companies Act?

Section 234 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Tribunal to order winding up of company". The section states: The Tribunal may, by an order, direct the winding up of a company, if it is satisfied that the company is unable to pay its debts, or that the company has committed a breach of any...

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