- 4 Marks
Question
Winding up is a formal way of terminating the life of a company.
Required:
State FOUR categories of persons that may petition the court to wind up a company. (4 Marks)
Answer
The four categories of persons that may petition the court to wind up a company are:
- The company itself
- A creditor
- A contributory (shareholder)
- The Corporate Affairs Commission (CAC)
- Tags: Company Law, Corporate Insolvency, Petition, Winding-up
- Level: Level 1
- Topic: Company Law
- Series: NOV 2023
- Uploader: Theophilus