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A resolution by the shareholders to dissolve the company. When there is a
unanimous decision by the shareholders to wind up the company during the
annual general meeting.
Change in the country's law that renders the activities of the company illegal/
unlawful. When the laws of a country bars certain activities that the company
may have been involved in.
Inability to repay financial debts on infringement of stakeholders' rights.
Amalgamations/mergers - a company may be dissolved if it combines with
another and a new one replaces the one combining/creates a new entity.
Take overs/acquisition/absorption - a company may be dissolved if it is taken
over by another/or by the government through acquisition of majority shares
hence redirection of its activities/loss of identity.
Realization of sustained / continuous losses. A company may be dissolved when
it makes losses continuously to the extent of not being able to meet its recurrent
expenditure/insolvency.
Court order for infringing on the law/granted to a complaint raised by
stakeholders/acting ultravires.
gideon1 answered the question on September 23, 2017 at 18:02
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