Section - 583 - Winding up of unregistered companies
Winding up of unregistered companies.583. (1) Subject to the provisions of this Part, any unregistered company may be wound up under this Act, and all the provisions of this Act with respect to winding up shall apply to an unregistered company, with the exceptions and additions mentioned in sub-sections [(3)] to (5).(2) [***](3) No unregistered company shall be wound up under this Act voluntarily [by the Tribunal].(4) The circumstances in which an unregistered company may be wound up are as follows:— (a) if the company is dissolved, or has ceased to carry on business, or is carrying on business only for the purpose of winding up i .... To read the full section download the app from Google Play store
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