This question is in two parts, each carrying 5 marks. Part (a) requires candidates to explain the meaning of the term ‘compulsory winding up’, while part (b) requires an explanation of the grounds under which such a procedure can be instituted.

(a) 
4–5 marks 
A thorough explanation of compulsory winding up generally.

2–3 marks 
Some, if little, knowledge of compulsory winding up. Perhaps too general or lacking in focus on the compulsory procedure.

0–1 mark 
Very little, if any, knowledge of the topic.

(b) 
4–5 marks 
A thorough explanation of the grounds for compulsory winding under s.122 Insolvency Act 1986.

2–3 marks 
Some knowledge of the grounds for compulsory winding up, although perhaps not clearly expressed, or very limited in its knowledge and understanding of the topic.

0–1 mark 
Very little, if any, knowledge of the topic.