#section #incometaxact #law #llb #notes #govt Section 75

#companywoundup #tribunal #sec271 #notes #llb Section 271 The company may require to wound up by the tribunal under section 271 under the following circumstances: 1. In case the company does not pay the debts, the debt of the creditor exceeding Rs 1 lakhs is due and unpaid by the company within 21 days from the due date, or any execution decree is passed in favour of the creditor or tribunal has a reason that company will not pay off any debts then company would be liable for

#Section249 #Section248 #companiesact2013 #rule4companiesact #companylaw #law #llb #sections #notes Section 248(1) Where the registrar has a reasonable cause to believe that: (a) The Company has failed to commence its business within one year of its incorporation, Or (b) A Company is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of dormant Company