Law · Company Law
Under the Companies Act, 2013, winding up or dissolution of a company on 'just and equitable' grounds is NOT considered appropriate in which of the following situations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the company is currently incurring losses in business, but has a reasonable prospect of making profits in the future✓
- 2When the company is continuously incurring losses and there is no reasonable hope of making profits
- 3When the majority shareholders are systematically oppressing the minority shareholders
- 4When the company's substratum is gone and funds are being misapplied
Correct answer
When the company is currently incurring losses in business, but has a reasonable prospect of making profits in the future
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