
 (1)      The court may order the winding up if: (MC DOS D) (a) The elaborateness has by special resolution decided that it be wound up by the Court (b) The beau monde has defaulted in living accommodations the statutory report or in retention the statutory meeting (c) The company does not commence business inner(a) a year from its incorporation or suspends its business for a whole year (d) The number of members is reduced below two (e) The company is unable to conduct its debt (f)  The Directors have acted in their own interests quite a than in the interests of the members as a whole, or in any other manner whatsoever which appears to be unfair or unjust to other member. 3.      What are two things that must be shown before the court scram a winding up order on a beseech? Two t hings to be shown before the court will make! a winding up order on a petition are: a.       That the petitioner had the right to present the petition b.      That one of the grounds peg down out in the Acts as justifying a winding up has been made out. 4.      When a company is considered as unable to pay its debt? A company is deemed to be unable to pay its debt if any one of the adjacent circumstances is shown to exist: a.       The petitioner has delivered to the company at its registered office, a written...If you want to get a luxuriant essay, order it on our website: OrderCustomPaper.com
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