Before a Company Can Be Would Up by Its Shareholders

Multiple Choice

Before a company can be would up by its shareholders, its directors must make a declaration of solvency.This is a declaration that:

A) the shareholders believe that the company is insolvent.
B) the directors believe that the company will be able to pay all its debts within 12 months after the commencement of the winding up.
C) the directors believe that the company has no significant debts.
D) the directors believe that the company should not be wound up.