- 1 Marks
BCL – L1 – SA – Q100 – Companies in Crisis
Question
Winding up by special resolution passed by the company.
A Compulsory winding up.
B Winding up
C Voluntary winding up
D All of the above
Answer
C
Explanation:
The correct answer is C because winding up by a special resolution passed by the company is a voluntary winding up, initiated by the shareholders. Compulsory winding up (A) is court-ordered, B is too vague, and D is incorrect as only C applies.
- Tags: Company Law, Special Resolution, Winding up
- Level: Level 1
- Uploader: Samuel Duah