alleryStart learning →On an inspector's report, the Central Government may seek winding up on which ground under s.224(2)?
AJust and equitable
BOne year's loss
CA missed AGM
DA name change
Answer & Solution
Correct answer: A. Just and equitable
Section 224(2)(a) allows a petition for winding up on the ground that it is just and equitable that the company be wound up.
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