Assertion (A): A company which is suffering huge losses can be shut down only by following the procedures laid down in Companies Act.
Reason (R): A company can be born as well as liquidated only by law.
a. A is true but R is false.
b. Both A and R are true, but R is not the correct explanation of A
c. A is true and R is the correct explanation of A
d. Both A and R are false.
