Question

    Under the Companies Act, when does the winding up of a

    company by the Tribunal commence?
    A At the time the Official Liquidator is appointed Correct Answer Incorrect Answer
    B At the time the company is declared insolvent Correct Answer Incorrect Answer
    C At the time the Tribunal issues the winding up order Correct Answer Incorrect Answer
    D At the time of the presentation of the petition for the winding up Correct Answer Incorrect Answer
    E At the time the company's assets are distributed among creditors Correct Answer Incorrect Answer

    Solution

    Explanation: Section 357. Commencement of winding up by Tribunal: The winding up of a company by the Tribunal under this Act shall be deemed to commence at the time of the presentation of the petition for the winding up.

    Practice Next
    More Administrative Interpretation and Maxims Questions

    Relevant for Exams:

    Hey, Don't leave. If you have any queries regarding any exam let us know here.

    ask-question