New Enroll in RBI Grade B New Batch - Starts on May 21

    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.

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