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102. A company may be wound up by the High Court if—
(a)the company has by special resolution resolved that the company be wound up by the Court,
(b)being a public company which was registered as such on its original incorporation, the company has not been issued with a certificate under Article 127 of the Companies Order (public company share capital requirements) and more than a year has expired since it was so registered,
(c)it is an old public company, within the meaning of Article 3 of the Companies Consolidation (Consequential Provisions) (Northern Ireland) Order 1986(1),
(d)the company does not commence its business within one year from its incorporation or suspends its business for a year,
(e)the number of members is reduced below 2,
(f)the company is unable to pay its debts,
(g)the Court is of the opinion that it is just and equitable that the company should be wound up.
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