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CA Final Winding Up — practice questions — page 4

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 91–91 of 91.

Under s. 361, summary liquidation suits a company with assets of book value up to what?Read the answer and worked solution →

Worked practice questions

Under s. 361, summary liquidation suits a company with assets of book value up to what?

  1. Fifty lakh rupees
  2. Ten lakh rupees
  3. Five crore rupees
  4. One crore rupees
Show answer and solution

Correct answer: D. One crore rupees

Section 361(1)(i) requires book value of assets not exceeding one crore rupees.

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