Page 229 - DCOM106_COMPANY_LAW

Company Law

Notes Self Assessment

6. Match list-I and list-II.
List-I List-II
A. Special resolution 1. If a company does not commence business
within a year from incorporation or suspends
business for a whole year, it may be ordered to
be wound up.
B. Default in holding 2. The company may, by special resolution, resolve
statutory meeting that it be wound up by the court.
C. Failure to commence 3. If default is made in delivering the statutory
business report to the Registrar or in holding the statutory
meeting, the company may be ordered to be
wound up.
D. Reduction in 4. If the number of members is reduced below the
membership statutory minimum of 7 in a public company or 2
in a private company, the company may be
ordered to be wound up.

Codes:

A B C D
(a) 2 4 3 1
(b) 2 3 1 4
(c) 3 4 1 2

(d) 4 1 3 2
7. Match the list-I and list-II
List-I List-II
A. The powers of the provisional liquidator are the same as those 1. s 443(2)
of a liquidator unless limited by the court
B. In all matters relating to the winding up of a company, the 2. (s.444).
court may have regard to the wishes of creditors or
contributories of the company as proved to it by any sufficient
evidence and for the purpose may direct that their meetings
may be held or conducted as directed by the Court
C. Where the petition is presented on the ground that, it is just 3. (s.450)
and equitable that the company should be wound up, the court
may refuse to make an order of winding up if it is of the
opinion that, some other remedy is available to the petitioners
and that they are acting unreasonably in seeking to have the
company wound up instead of pursuing that other remedy
D. The court must, as soon as the winding up order is made, 4. (s. 557)
cause intimation thereof to be sent to the official liquidator and
the Registrar

224 LOVELY PROFESSIONAL UNIVERSITY