Section 45MC: Power of Bank to file winding up petition

If the Bank is satisfied that a non-banking financial company-

is unable to pay its debts; or
has by its actions or by its failure to comply with any requirement of the Bank become disqualified to carry on the business;

the Bank may file an application for winding up of such non-banking financial company under the provisions of the Companies Act, 2013.

If the Bank is satisfied that a non-banking financial company-

is unable to pay its debts; or
has by its actions or by its failure to comply with any requirement of the Bank become disqualified to carry on the business;

the Bank may file an application for winding up of such non-banking financial company under the provisions of the Companies Act, 2013.

If the Bank is satisfied that a non-banking financial company-

is unable to pay its debts; or
has by its actions or by its failure to comply with any requirement of the Bank become disqualified to carry on the business;

the Bank may file an application for winding up of such non-banking financial company under the provisions of the Companies Act, 2013.

If the Bank is satisfied that a non-banking financial company-

is unable to pay its debts; or
has by its actions or by its failure to comply with any requirement of the Bank become disqualified to carry on the business;

the Bank may file an application for winding up of such non-banking financial company under the provisions of the Companies Act, 2013.