- 1 Marks
Question
How many mode(s) of winding up of a company exist?
A. One
B. Two
C. Three
D. Four
E. Five
Answer
C. Three
Explanation:
The correct answer is C because there are three recognized modes of winding up a company: compulsory winding up by the court, voluntary winding up by members or creditors, and winding up under the supervision of the court. These modes are outlined in the Nigerian Companies and Allied Matters Act (CAMA).
- Tags: Company Liquidation, Corporate Law, Winding-up
- Level: Level 1
- Topic: Company Law
- Series: MAY 2013
- Uploader: Theophilus