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The process of winding up a public limited company by a court order is known...

Commerce
WAEC 2013

The process of winding up a public limited company by a court order is known as

  • A. termination
  • B. dissolution
  • C. voluntary liquidation
  • D. compulsory liquidation
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Correct Answer: Option D
Explanation

Compulsory liquidation is a formal insolvency procedure which results in a limited company being forcibly shutdown by way of a court order.

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