Commerce WAEC

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
E. it fails to make profit within a year of its incorporation

Correct Answer:

Option D – it fails to commence business within a year of its incorporation

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