Which of the Following Is Not a General Ground Under

question 28

Multiple Choice

Which of the following is not a general ground under s. 461 of the Corporations Act on which the court can order a winding up?

• A) The company has no members.
• B) The company has not commenced business within three months of its incorporation.
• C) The court is of the opinion that it is just and equitable that the company be wound up.
• D) The company has by special resolution resolved that it be wound up by the court.

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Definitions:

Spans of Control

Refers to the number of subordinates a supervisor or manager can effectively manage and oversee.

Divided Labour

The breakdown of work into smaller, specialized tasks to increase efficiency, also known as division of labor.

Coordinate

To organize different elements or activities efficiently so they work well together and achieve a desired outcome.

Highly Centralized

A structural approach in organizations where decision-making authority is concentrated at the top levels of management.