Under section 271 of the Companies Act, 2013 as applicable in 2021, which can support winding up by the Tribunal, subject to the statutory conditions?
A. The company passes a special resolution for winding up by the Tribunal.
B. On the prescribed application, the Tribunal finds fraudulent conduct or formation and considers winding up proper.
C. Default in filing financial statements or annual returns for the immediately preceding five consecutive financial years.
D. The Tribunal considers winding up just and equitable.
(A), (B), (C) and (D) only
All four are grounds under the specified section 271 framework, subject to the prescribed petition and Tribunal findings: a special resolution, the stated fraudulent circumstances, five consecutive years of filing default, and a just-and-equitable finding.
Important Questions from The Companies Act, 2013
Match List I with List II:
List- I
List – II
A.
Appointment of auditors by CAG (I)
Section 139 (5) B.
Qualifications and disqualifications of auditors (II)
Section 141 C.
Powers-and duties of auditors (III)
Section 142 D.
Remuneration of auditors (IV)
Section 143
Choose the correct answer from the options given below -Which one of the following nature of business is suitable to a Dormant company?
Which of the following companies do not fall under a purview of Dormant company?
(A) Private company
(B) One person company
(C) Limited and unlimited liability companies
(D) Public company
(E) Government company
Choose the most appropriate answer from the options given below:
Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R.
Assertion (A): Provision is made to obtain the status of a ‘dormant company for a inactive company that doesn't trade.
Reasons (R): Dormant company doesn't trade but has significant accounting transaction.
In the light of the above statements, choose the most appropriate answer from the options given below -
Dormant company offers excellent advantage to which one of the following?
