Which of the following is entitled to make an application to the court for an insolvent company to be wound up?

Question

Quizplus · Accepted Answer

ASIC (Australian Securities and Investments Commission) is the regulatory body responsible for administering the winding up of companies. They have the authority to make an application to the court for an insolvent company to be wound up. A court appointed receiver may be involved in the process, but they do not have the authority to initiate the winding up process. Employees of the company and the company's external auditor do not have the legal authority to initiate the winding up process.

Which of the Following Is Entitled to Make an Application