Multiple choice

A voluntary winding up may take place by passing an ordinary resolution in the general meeting if

  1. the period fixed for the duration of the company by the articles has expired

  2. the duration of the company has not expired and will not expire for another two months

  3. some event, on the happening of which company is to be dissolved, has not happened

  4. no permission but concurrence of High Court is required
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A Correct answer
Explanation

When a company is wound up by the members or the creditors without the intervention of the tribunal, it is called as voluntary winding up. It may take place by the passing of an ordinary resolution in the general meeting if 

  1. the period fixed for the duration of the company by the articles has expired 
  2. some event, on the happening of which the company is to be dissolved, has happened

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