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1. When a company has started its expected to continue with its operations to the future
since it is a form of business with perpetual succession.
2. Termination of the life of a company may be through;
3. Failure to commerce business within one year of its formation – upon this it may be
would up by its court order on application.
4. The membership falling below the required minimum and this dissolution may be
decided by a court order.
5. Accomplishment of the purpose or expirely of the period of operation.
6. The registration if it fails to comply with statutory cooperation e.g failure to file annual
files to the registrar of companies or engaging in illegal activities.
7. A resolution by members to voluntarily wind up the company which may arise through.;
8. where the company does not have a future on that line of business
9. The members wish to sell it as a going concern in order to share profits.
10. Where one company is acquired by another and the members wish to discontinue it so as
to terminate its existence a separate legal entity.
11. Through a merger with a larger company
12. Insolvency – the company is not able to meet its obligations.
sharon kalunda answered the question on March 2, 2019 at 10:21
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