10-mark question · Part C · Company Law

A private company has only two shareholders who are also the directors, with equal rights of management and voting power. The company has made huge profits, but there is a complete deadlock in the management of the company. One of the shareholders applied for the winding up of the company. Decide.

Appeared in

• Company Law · September 2021 Mapped paper Download
• Company Law · January/February 2015 Mapped paper Download

Mapped topics

• Memorandum, ultra vires and indoor management — Unit II
• Appointment, duties and independent directors — Unit IV
• Winding up and Insolvency and Bankruptcy Code — Unit V

Mapped case laws