Section 571: Circumstances in which companies may be wound up by Court.

A company may be wound up by the court if—(a) the company has by special resolution resolved that the company be wound up by the Court;
(b) default is made in delivering the statutory report to the Commission or in holding the statutory meeting;
(c) the number of members is reduced below two in the case of companies with more than one shareholder;
(d) the company is unable to pay its debts;
(e) the condition precedent to the operation of the company has ceased to exist; or
(f) the Court is of opinion that it is just and equitable that the company should be wound up.