There are various grounds for the compulsory winding-up of a company. In which of the following situations will a court order the winding-up of a company on the 'just and equitable' ground?
A、Where 50% of the members disagree with the actions of the directors
B、Where the company has failed to pay its creditors for three months
C、When the main object of the company cannot be achieved
A、Where 50% of the members disagree with the actions of the directors
B、Where the company has failed to pay its creditors for three months
C、When the main object of the company cannot be achieved
【参考答案及解析】
C The 'just and equitable' ground will be applied where the object of the company cannot be achieved, such as, for example, where the company only existed to 'work a particular patent' Re German Date Coffee Co 1882. The other options are not grounds for the just and equitable winding-up of a company.
C The 'just and equitable' ground will be applied where the object of the company cannot be achieved, such as, for example, where the company only existed to 'work a particular patent' Re German Date Coffee Co 1882. The other options are not grounds for the just and equitable winding-up of a company.