The Basis for a Voluntary Winding Up of a Company

question 38

Multiple Choice

The basis for a voluntary winding up of a company is:

• A) the company directors voting to wind up the company.
• B) the company is unable to pay its debts.
• C) the passing of a special resolution by the company to wind up.
• D) a request from ASIC for the company to be wound up.

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Definitions:

In Situ Conservation

The conservation of genetic resources in natural populations of plant or animal species, such as the conservation of endangered species in their natural habitat.

Ex Situ Conservation

The strategy of conserving biological diversity by preserving genetic material or entire organisms outside their natural habitats.

Ozone Molecules

A molecule made up of three oxygen atoms, playing a crucial role in absorbing the sun's ultraviolet radiation in the stratosphere, thus protecting life on Earth.

Stratosphere

The layer of the atmosphere between the troposphere and the mesosphere. It contains a thin ozone layer that protects life by filtering out much of the sun’s ultraviolet radiation.