On which of the following grounds may a company be compulsorily wound up?
COMMERCE
WAEC 1998
On which of the following grounds may a company be compulsorily wound up?
- A. the company is making abnormal profits
- B. it did not declare dividends every year
- C. its products compete with that of a government company
- D. it fails to commence business within a year of its incorporation
Correct Answer: D. it fails to commence business within a year of its incorporation
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