Petitions for winding up a company under Companies Act 2013

A small Thane manufacturing company has not filed a single annual return for six years. Its three shareholders are not speaking, its directors have vanished, and the factory gate is padlocked. Somebody has to close the company down in an orderly way, and only a judicial body can do that. Who is allowed to ask for it, on which grounds, and how do you draft the petition so that it is admitted?

In two minutes

A winding-up petition under Chapter XX of the Companies Act 2013 is a petition to the National Company Law Tribunal, presented by a person the Act permits under s.272, resting on one of the five grounds in s.271, and praying for an order under s.273 that the company be wound up.

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