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Essay heading: Windind Up Of A Company
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History |
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| Date added: |
February 11, 1999 |
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4 / 891 |
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Essay content:
Unless it obtains such certificate, it cannot carry on it's business operation.
iv. If the number of members, in a public company is reduced to less than seven, and in case of private company less than two.
The statutory requirement of minimum number of members in a public company is seven, and in case of private company, it is two (sec 12)
v...
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If the number of members, in a public company is reduced to less than seven, and in case of private company less than two.
The statutory requirement of minimum number of members in a public company is seven, and in case of private company, it is two (sec 12)
v. If the company is unable to pay its debits; where the financial position of the company is, such, that it has more liabilities than assets, and after disposing off the assets, it is still unable to extinguish it's liabilities, it means that company is unable to pay it's debts...
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