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Commerce · Q1022

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 1022

Q1022

A company may be wound up by the Tribunal, if

A.
the company passes an ordinary resolution to this effect
B.
the company does not commence its business within 6 months of its incorporation
C.
number of members reduced below 7 in the case of a private company
D.
company is unable to pay its debts
Answer

Answer: Option D

Solution

Answer: Option D
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