Companies Act 2014 section 569

Circumstances in which company may be wound up by the court

Section 569 sets out the grounds on which the court may order that a company be compulsorily wound up (liquidated).

• A company may be wound up by the court where the members pass a special resolution, the company is inactive, all members have died or ceased to exist, or the company cannot pay its debts
• The court may also order a winding up where it considers it just and equitable, or where the company's affairs are being conducted in an oppressive manner towards any member
• The Corporate Enforcement Authority may petition the court to wind up a company where it is in the public interest to do so
• Where oppression is alleged, the court may dismiss the winding-up petition if it considers that a remedy under the minority protection provisions (section 212) would be more appropriate

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