Under s. 461 of the Corporations Act, general grounds on which the court can order a winding up include:
I. The company has no members.
II. The court is of the opinion that it is just and equitable that the company be wound up.
III. The company has not commenced business within twelve months of its incorporation.
A) I, II and IV
B) II, III and IV
C) II and III only
D) I, II, III and IV
Correct Answer:
Verified
Q1: After receiving the statement of affairs from
Q2: refers to when a company is unable
Q4: A declaration of solvency is required to
Q5: Which of the following is entitled to
Q6: Which of the following is not a
Q7: Under a members' voluntary winding up, the
Q8: The receiver's role normally includes the following
Q9: An administrator's role is to:
I. control the
Q10: A receiver should be:
A) a registered liquidator.
B)
Q11: Which of the following provides the basis
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