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?

  • the company is making abnormal profits
  • it did not declare dividends every year
  • its products compete with that of a government company
  • it fails to commence business within a year of its incorporation checkmark
  • it fails to make profit within a year of its incorporation

The correct answer is: D

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