{
  "url": "https://openlegislation.uk/companies-consolidation-act-1908/section-129",
  "json_url": "https://openlegislation.uk/companies-consolidation-act-1908/section-129.json",
  "legislation": "ukpga/Edw7/8/69",
  "legislation_title": "Companies (Consolidation) Act 1908",
  "legislation_url": "https://openlegislation.uk/companies-consolidation-act-1908",
  "path": "section/129",
  "kind": "section",
  "number": "129",
  "heading": "Circumstances in which company may be wound up by court.",
  "text": "A company may be wound up by the court—\n(i) if the company has by special resolution resolved that the company be wound up by the court:\n(ii) if default is made in filing the statutory report or in holding the statutory meeting :\n(iii) if the company does not commence its business within a year from its incorporation, or suspends its business for a whole year :\n(iv) if the number of members is reduced, in the case of a private company, below two, or, in the case of any other company, below seven :\n(v) if the company is unable to pay its debts :\n(vi) if the court is of opinion that it is just and equitable that the company should be wound up.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Edw7/8/69/section/129",
    "retrieved_at": "2026-10-29T12:20:55.325260+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}