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1: (8 marks) When a company cannot pursue with the business due to short fall of capital or cutting down the cost of doing business,

1: (8 marks) When a company cannot pursue with the business due to short fall of capital or cutting down the cost of doing business, the company may be dissolved by winding up process. State how a company be liquidated by means of compulsory winding-up. ANSWER: QUESTION 2: (8 marks) Being a shareholder means that the shareholder has certain "interests" in the company. By virtue of Section 71 of Company Act 2016, highlights any FOUR (4) rights and powers attached to shares

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