Article 77 - Circumstances in which Company may be wound up by the QFC Court

A Company may be wound up by the QFC Court if:

(1) the Company has resolved that the Company be wound up by the QFC Court;
(2) the Company is unable to pay its debts;
(3) the Company does not commence its business within a year of its incorporation, or suspends its business for a whole year; or
(4) the QFC Authority makes any application under Article 80 and the QFC Court is of the opinion that it is just and equitable that the Company should be wound up.