Winding up is closure of business under the Companies Act, 2013 and so the process and procedure need to be followed as per Company Rule, issued and implemented by Companies Act, 2013.
Compulsory winding up is possible via petition filed by Company, Creditors, Shareholders, Registrar or State/Central Government. It is prudent note that the petition can be invoked only if the company registered under the Companies Act, 2013 which did an unlawful act, fraudulent act or even if they contributed any action in some fraudulent or unlawful activities then such company would be wound up compulsorily by the tribunal.