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State five circumstances under which a limited liability company may be dissolved.

State five circumstances under which a limited liability company may be dissolved.

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Simon
• In case of a court order to wind up following complaints from creditors.
• In case the shareholders decide to dissolve the business in a general meeting.
• When two or more limited companies join together to form one company different from the original companies.
• When a company is not able to pay its debts, it can be declared insolvent and therefore may be wound up.
• When a company acts contrary to the provisions of the objective clause of its memorandum of association.

skilled writter answered the question on May 15, 2018 at 05:51

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