Produced by the Office of the Attorney General
Táirgthe ag Oifig an Ard-Aighne
Circumstances under which company may be wound up by Court.
79. A company under this Act may be wound up by the Court as herein-after defined, under the following circumstances; (that is to say,)
(1.) Whenever the company has passed a special resolution requiring the company to be wound up by the Court:
(2.) Whenever the company does not commence its business within a year from its incorporation, or suspends its business for the space of a whole year:
(3.) Whenever the members are reduced in number to less than seven:
(4.) Whenever the company is unable to pay its debts:
(5.) Whenever the Court is of opinion that it is just and equitable that the company should be wound up.
