6.3 Modes of Winding up of Company

6.3.1 Voluntary Winding up of CompanyThe members' own decision: the special resolution to wind up (or the resolution's statutory triggers — the MOA's period expiry); the solvency's declaration (the directors' statement that debts will be paid within the statutory window — the solvent route); the liquidator'sappointment by the members; the creditors' variant where insolvent (the creditors' meeting's parallel control — the insolvency face); the process: realisation, payment, distribution, the final account, and dissolution's application. The voluntary mode is the orderly exit of the honest company.6.3.2 Compulsory Winding up, Ground and ProceduresThe court-ordered mode (the High Court's jurisdiction over the registered company): the petitioners (the company itself, a creditor, a contributory, the registrar's statutory face, the regulator); the grounds (the Act's catalogue): inability to pay debts (the insolvency's face), the just-and-equitable ground (the deadlock, the oppression's dead-end, the substratum's loss), the special-resolution trigger, the statutory-default faces (the failure to file accounts/returns, the dormant company), the fraud's face. The procedure: petition → notice → hearing → the winding-up order (the official announcement; the suits' stay; the liquidator's appointment) → the liquidation → the dissolution order. The compulsory mode is the involuntary end of the failed or the abusive company.6.3.3 Deregistration of CompanyThe Nepali fast-lane: the company's own application for deregistration (the Act's simplified exit for the inactive, asset-less, debt-free company — the…