alleryStart learning →When a transferor is dissolved, its fee on authorised capital is
AForfeited to the Registrar
BCredited to general reserve
CRefunded to its members
DSet off against transferee fees
Answer & Solution
Correct answer: D. Set off against transferee fees
Section 232(3)(i) sets the fee paid by the transferor off against the transferee's later fees on authorised capital.
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