# Companies (Consolidation) Act 1908, Section 129: Circumstances in which company may be wound up by court.


A company may be wound up by the court—
(i) if the company has by special resolution resolved that the company be wound up by the court:
(ii) if default is made in filing the statutory report or in holding the statutory meeting :
(iii) if the company does not commence its business within a year from its incorporation, or suspends its business for a whole year :
(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 :
(v) if the company is unable to pay its debts :
(vi) if the court is of opinion that it is just and equitable that the company should be wound up.

---
Source: https://www.legislation.gov.uk/ukpga/Edw7/8/69/section/129 (the official version)
Page: https://openlegislation.uk/companies-consolidation-act-1908/section-129
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.