Compulsory winding-up means winding-up by

the Tribunal
the members
the creditors
All of these

The correct answer is: D. All of these

Compulsory winding-up is a type of winding-up that is initiated by an external party, such as a creditor or the court. It can be initiated if the company is unable to

pay its debts, if it has committed a serious breach of the law, or if it is just not viable.

If a company is wound up compulsorily, the Official Receiver will be appointed as liquidator. The Official Receiver

will then sell the company’s assets and distribute the proceeds to the company’s creditors.

Here is a brief explanation of each option:

  • A. The Tribunal: The Tribunal is a court that deals with insolvency matters. It can order a company to be wound up if it is satisfied that the company is unable to pay its debts or that it has committed a serious breach of the law.
  • B. The members: The members of a company are the people who own shares in the company. They can vote to wind up the company if they believe that it is in the best interests of the company.
  • C. The creditors: The creditors of a company are the people who the company owes money to. They can petition the court to wind up the company if they believe that they are not going to be paid their debts.

I hope this helps!