Under Section 271 Companies Act 2013 (post-IBC amendment), a company may be WOUND UP BY THE TRIBUNAL on the following grounds:

1. Section 271 Companies Act 2013, as substituted by the Insolvency and Bankruptcy Code, 2016, prescribes grounds for winding up by NCLT: (a) the company has by SPECIAL RESOLUTION resolved that the company be wound up by the Tribunal; (b) the company has acted against the interests of the SOVEREIGNTY AND INTEGRITY OF INDIA, the SECURITY OF THE STATE, FRIENDLY RELATIONS with foreign States, public order, decency or morality; (c) on application made by the Registrar or any other person authorised by Central Government, the Tribunal is of the opinion that the AFFAIRS OF THE COMPANY HAVE BEEN CONDUCTED IN A FRAUDULENT MANNER or the company was formed for fraudulent / unlawful purpose; (d) the company has made a default in filing with the Registrar its FINANCIAL STATEMENTS OR ANNUAL RETURNS for IMMEDIATELY PRECEDING FIVE consecutive financial years; (e) the TRIBUNAL is of the opinion that it is JUST AND EQUITABLE that the company should be wound up. 2. 'Inability to pay debts' as a ground for winding-up under Section 271(a) was DELETED — that is now under the IBC, 2016 framework. 3. Hence option B is correct. _Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 271 (post-Insolvency and Bankruptcy Code 2016 amendment)_