just and equitable winding up

Question 1

list of reasons a company should be wound up

Answer 1

1. diretors no longer are talking to eachother
2. directors wont hold meetings for shareholders
3. cant do the jobof the company anymore (their porpose)
4. loss of confidence in the managers

Question 2

reasons from the case that the company should be wound up

Answer 2

1. there is a personal relationship
2. there is an agreement or understanding that they will participate in management
3. they remove this party
4. restriction on transfer of shares only to the company