Companies Act, 2013

Section 395

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

⚡ Quick Answer Reference: Section 395 Companies Act

Provision: Section 395 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 395 of Companies Act say?

If the Central Government is satisfied that a company is unable to pay its debts, it may present a petition to the Tribunal for the winding up of the company, 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 395, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 395 (India)

Court Pleading StandardSection 395 of the Companies Act, 2013

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

Common Questions about Section 395 Companies Act

What is Section 395 of Companies Act?

Section 395 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 Central Government". The section states: If the Central Government is satisfied that a company is unable to pay its debts, it may present a petition to the Tribunal for the winding up of the company, and the Tribunal may,...

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