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Grounds for ordering a company to be wound up

The Law of Companies

Author:
Thomas B Courtney
Publisher:
Bloomsbury Professional
Edition:
Fourth edition
Law Stated At:
30 September 2016
Chapter 24: Winding Up Companies [C]: Court Winding up (a) The company has resolved by special resolution to wind up the company (b) The company does not commence its business within a year from its incorporation or suspends its business for a whole year (c) If the members of the company are all deceased or no longer exist (d) The company is unable to pay its debts (e) The court is of the opinion that it is just and equitable that the company should be wound up (f) Oppression (g) In the public interest (h) Consequent to a failed examinership ...

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