General Studies · Company Liquidation and Winding Up
Under corporate law, which of the following scenarios would most likely serve as a valid ground for a court to order a 'just and equitable winding up' of a company?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The directors disagree on the budget for the upcoming financial year.
- 2The company has suspended its business transactions or made no active trades for at least 12 consecutive months.
- 3A minority member is unjustifiably excluded or prevented from participating in the management/operational decisions of a quasi-partnership company.✓
- 4All members agree that the company should alter its core objectives completely.
Correct answer
A minority member is unjustifiably excluded or prevented from participating in the management/operational decisions of a quasi-partnership company.
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