At the commencement of a members' voluntary winding up, a written declaration must be provided by directors stating that all debts will be able to be paid in full within a period:

Question

Quizplus · Accepted Answer

According to Section 551 of the Companies Act 2006, at the commencement of a members' voluntary winding up, the directors must make a statutory declaration that they have made a full inquiry into the company's affairs and that, in their opinion, the company will be able to pay its debts in full within a period not exceeding 12 months from the commencement of the winding up. Therefore, the correct option is C, which states that the period should not exceed 12 months.

At the Commencement of a Members' Voluntary Winding Up, a Written