Question Completion Status: Moving to another question will save this response. Question 5 Which of the following statements is TRUE? Only solvent companies may be wound up as a members voluntary winding up A company may be wound up voluntarily if the members in general meeting pass an ordinary resolution O A company can only be wound up on the grounds of Insolvency, O Prior to winding up a company the directors are required to make a declaration as to the company's solvency Moving to another question will save this response. MacBook Pro