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CA Final Winding Up — practice questions — page 3

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 61–90 of 91.

The liquidator must summon a meeting if requested by creditors holding at least what in value?Read the answer and worked solution →A person aggrieved by a liquidator's decision under s. 292(4) applies to whom?Read the answer and worked solution →Who causes the liquidator's accounts to be audited under s. 294(3)?Read the answer and worked solution →If assets fall short, s. 298 lets the Tribunal order payment of what out of the assets?Read the answer and worked solution →Under s. 299(1), the Tribunal may summon anyone suspected of holding what of the company?Read the answer and worked solution →Statements recorded in a s. 300 examination may later be used how against the person?Read the answer and worked solution →Under s. 301, a contributory about to abscond may be what?Read the answer and worked solution →The dissolution order under s. 302(3) is sent to the Registrar within what time?Read the answer and worked solution →Under s. 304(b), a voluntary winding up follows which resolution?Read the answer and worked solution →A voluntary winding up under s. 308 commences on what date?Read the answer and worked solution →In voluntary winding up, s. 309 says the company's corporate powers continue until when?Read the answer and worked solution →Removal of a voluntary liquidator under s. 311(3) needs what majority?Read the answer and worked solution →On a liquidator's appointment, s. 313 says whose powers cease?Read the answer and worked solution →Quarterly audited accounts of a voluntary liquidator are filed within what time of quarter end?Read the answer and worked solution →Under s. 316(1), a voluntary liquidator holds creditor and member meetings how often?Read the answer and worked solution →After the s. 318 application, the Tribunal must pass a dissolution order within what time?Read the answer and worked solution →A dissenting member under s. 319(3) must give written dissent within what time?Read the answer and worked solution →Under s. 320, company assets are applied to liabilities in which manner?Read the answer and worked solution →An s. 321 arrangement binds creditors holding what share in value?Read the answer and worked solution →Under s. 323, winding-up costs and the liquidator's fee are paid how, subject to secured creditors?Read the answer and worked solution →Under s. 327(1)(a), preferential taxes are those due within what period before the relevant date?Read the answer and worked solution →A fraudulent preference under s. 328(2) is examined for acts within what period before the winding up application?Read the answer and worked solution →Under s. 330, assigning all company assets to trustees for all creditors is what?Read the answer and worked solution →After a Tribunal winding up begins, property dispositions are void unless the Tribunal does what?Read the answer and worked solution →The minimum jail term for fraud by officers under s. 337 is what?Read the answer and worked solution →Under s. 344, business letters of a company in liquidation must carry what?Read the answer and worked solution →If winding up is not concluded within what period, s. 348 requires yearly statements?Read the answer and worked solution →Unpaid dividends go to the Liquidation Dividend Account after remaining unpaid for how long?Read the answer and worked solution →The Tribunal may declare a dissolution void within what period from dissolution under s. 356?Read the answer and worked solution →If no voluntary resolution came first, a Tribunal winding up commences at what time?Read the answer and worked solution →

Worked practice questions

The liquidator must summon a meeting if requested by creditors holding at least what in value?

  1. One-tenth
  2. One-half
  3. One-fourth
  4. One-third
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Correct answer: A. One-tenth

Section 292(3)(b) obliges a meeting on written request of not less than one-tenth in value.

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A person aggrieved by a liquidator's decision under s. 292(4) applies to whom?

  1. The advisory committee
  2. The Central Government
  3. The Tribunal itself
  4. The Registrar's office
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Correct answer: C. The Tribunal itself

Section 292(4) lets the aggrieved person apply to the Tribunal, which may confirm, reverse or modify the act.

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Who causes the liquidator's accounts to be audited under s. 294(3)?

  1. The Tribunal
  2. The creditors
  3. The company
  4. The Registrar
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Correct answer: A. The Tribunal

Section 294(3) says the Tribunal shall cause the accounts to be audited in such manner as it thinks fit.

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