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Under the Companies Act, 2013, a company may be wound up if it was formed for:

Section 271(c) allows winding up where, on an application by the Registrar or an authorised person, the Tribunal finds that "the company was formed for fraudulent and…

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Under the Companies Act, 2013, a company may be wound up if it was formed for:

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Answer and explanation

Correct answer C

Section 271(c) allows winding up where, on an application by the Registrar or an authorised person, the Tribunal finds that "the company was formed for fraudulent and unlawful purpose", among other grounds of fraud and misconduct. Pursuing charitable objects or a licensed business, or making losses, is not by itself a ground under this clause.

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