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CA Final Winding Up — practice questions — page 2

Explore 91 free Winding Up questions in CA Final Law. Open each question or exercise to read its content, reference answers and available explanation.

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Winding Up questions and exercises with answers

Showing questions 31–60 of 91.

After a winding-up order, suits by or against the company proceed only with whose leave?Read the answer and worked solution →The Company Liquidator's first report under s. 281(1) is due within what time of the order?Read the answer and worked solution →Under s. 281(1)(a), who must value the company assets listed?Read the answer and worked solution →Under s. 281(3), the liquidator also reports on the company's what?Read the answer and worked solution →The s. 281(1) report must also detail which of these held by the company?Read the answer and worked solution →On the liquidator's report, the Tribunal under s. 282(1) fixes what?Read the answer and worked solution →Under s. 282(2), the Tribunal may order sale of the company in what form?Read the answer and worked solution →Who may form the sale committee that assists under s. 282(2)?Read the answer and worked solution →On a fraud report, s. 282(3) orders investigation under which section?Read the answer and worked solution →From the date of a winding-up order, company property is deemed in whose custody under s. 283(2)?Read the answer and worked solution →Under s. 283(1), the liquidator takes custody of property and effects and which other item?Read the answer and worked solution →Under s. 284(1), who must cooperate with the Company Liquidator?Read the answer and worked solution →The maximum fine for non-cooperation under s. 284(2) is what?Read the answer and worked solution →Who settles the list of contributories after a winding-up order under s. 285(1)?Read the answer and worked solution →A past member is not liable if he ceased to be a member at least how long before winding up?Read the answer and worked solution →In a company limited by shares, a member's contribution is capped at what?Read the answer and worked solution →In a guarantee company, a member's contribution cannot exceed what?Read the answer and worked solution →A former member is not liable for debts contracted at what time?Read the answer and worked solution →Under s. 287(2), an advisory committee has at most how many members?Read the answer and worked solution →Under s. 287(3), the liquidator convenes creditors and contributories within what time of the order?Read the answer and worked solution →Who chairs advisory committee meetings under s. 287(6)?Read the answer and worked solution →The liquidator must report to the Tribunal at least once in each what, under s. 288(1)?Read the answer and worked solution →A stay of winding up for rehabilitation under s. 289(1) cannot exceed how many days?Read the answer and worked solution →A s. 289(1) stay application must be accompanied by what?Read the answer and worked solution →Which Chapter's provisions govern sanction of a revival scheme under s. 289(3)?Read the answer and worked solution →Under s. 290(1)(a), the liquidator may carry on the business so far as needed for what?Read the answer and worked solution →Under s. 290(1)(d), the liquidator may sell the whole undertaking as what?Read the answer and worked solution →A liquidator may raise money under s. 290(1)(e) on the security of what?Read the answer and worked solution →Under s. 290(2), exercise of the liquidator's powers is under whose overall control?Read the answer and worked solution →Professionals can be appointed to assist a liquidator under s. 291 with whose sanction?Read the answer and worked solution →

Worked practice questions

After a winding-up order, suits by or against the company proceed only with whose leave?

  1. The creditors'
  2. The Tribunal's
  3. The liquidator's
  4. The Registrar's
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Correct answer: B. The Tribunal's

Section 279(1) bars suits against the company except with the leave of the Tribunal.

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The Company Liquidator's first report under s. 281(1) is due within what time of the order?

  1. Ninety days
  2. Thirty days
  3. Forty-five days
  4. Sixty days
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Correct answer: D. Sixty days

Section 281(1) requires the report within sixty days from the order.

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Under s. 281(1)(a), who must value the company assets listed?

  1. The Registrar
  2. The directors
  3. A cost auditor
  4. Registered valuers
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Correct answer: D. Registered valuers

The proviso to clause (a) says valuation must be obtained from registered valuers.

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