Under a court ordered winding-up a liquidator does not have the power to:
A) enter into legal proceedings on behalf of the company;
B) dispose of the property of the company;
C) use any legal methods to obtain money from a debtor;
D) fix the time when debts and claims must be proved.
Correct Answer:
Verified
Q1: The realisation of assets is accounted for
Q3: The basis for a voluntary winding-up of
Q4: The party with the highest priority in
Q6: The duties of the liquidator include:
I.realisation of
Q7: A declaration of solvency is required to
Q8: For ordinary shareholders,what is the amount of
Q9: Assuming a company is unable to pay
Q10: Which of the following is not a
Q11: What will be the deficiency or surplus
Q14: At the commencement of a members' voluntary
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