On which of the following grounds may a company be compulsorily wound up?

On which of the following grounds may a company be compulsorily wound up?
  • A.
    the company is making abnormal profits
  • B.
    it did not declare dividends every year
  • C.
    its products compete with that of a government company
  • D.
    it fails to commence business within a year of its incorporation
  • E.
    it fails to make profit within a year of its incorporation
Correct Answer: Option D
Explanation
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