Law · Corporate Law
Which of the following is/are valid grounds for petitioning the court for the compulsory liquidation of a company? 1) Members have passed a special resolution to seek compulsory liquidation. 2) A public company fails to obtain a trading certificate within one year of incorporation.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2✓
- 2Neither 1 nor 2
- 32 only
- 41 only
Correct answer
Both 1 and 2
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