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:

Formed Element

A term referring to the cells and cell fragments suspended in blood plasma, including erythrocytes, leukocytes, and platelets.

Platelet

A small, disk-shaped cell fragment in the blood, essential for blood coagulation and wound healing.

Erythrocyte

A type of blood cell that is typically biconcave and without a nucleus, responsible for transporting oxygen and carbon dioxide in the blood.

Agranulocytes

White blood cells characterized by the absence of granules in their cytoplasm, including lymphocytes and monocytes.