A Compulsory Winding Up Arises from a Court Order Issued

A compulsory winding up arises from a court order issued when:

A) A secured creditor has made an application to the court to wind the company up because it is solvent;
B) There has been oppressive conduct by the company and / or its member;
C) The directors pass a resolution declaring the company solvent and the shareholders pass a special resolution to wind up the company;
D) When ASIC obtains a declaration of contravention pursuant to section 1317E;
E) The company's assets exceed its liabilities.