Get premium membership and access questions with answers, video lessons as well as revision papers.

State five circumstances under which a limited liability company may be dissolved.

      

State five circumstances under which a limited liability company may be dissolved.

  

Answers


Simon
• In case of a court order to wind up following complaints from creditors.
• In case the shareholders decide to dissolve the business in a general meeting.
• When two or more limited companies join together to form one company different from the original companies.
• When a company is not able to pay its debts, it can be declared insolvent and therefore may be wound up.
• When a company acts contrary to the provisions of the objective clause of its memorandum of association.

skilled writter answered the question on May 15, 2018 at 05:51


Next: Outline eight roles of the stock exchange market.
Previous: Describe six advertising media

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions