On which of the following grounds may a company be compulsorily wound up?

  • A the company is making abnormal profits
  • B it did not declare dividends every year
  • C its products compete with that of a government company
  • D it fails to commence business within a year of its incorporation
  • E it fails to make profit within a year of its incorporation

The correct answer is D. it fails to commence business within a year of its incorporation

No explanation given
Previous question Next question