Companies Act, 2013

Section 394

Power of Tribunal to order winding up of company which is unable to pay its debts on a petition presented by the company itself

⚡ Quick Answer Reference: Section 394 Companies Act

Provision: Section 394 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 394 of Companies Act say?

A company may present a petition to the Tribunal for the winding up of the company if it is unable to pay its debts, and the Tribunal may, if it is satisfied that the company is unable to pay its debts, order the company to be wound up.

Indian StandardSection 394, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 394 (India)

Court Pleading StandardSection 394 of the Companies Act, 2013

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

Common Questions about Section 394 Companies Act

What is Section 394 of Companies Act?

Section 394 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Tribunal to order winding up of company which is unable to pay its debts on a petition presented by the company itself". The section states: A company may present a petition to the Tribunal for the winding up of the company if it is unable to pay its debts, and the Tribunal may, if it is satisfied that the company is un...

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