Question
Under Section 59 of IBC relating to voluntary
liquidation of corporate persons, which of the following conditions must be met for a corporate person to initiate voluntary liquidation proceedings?Solution
Section 59-Voluntary liquidation of corporate persons: (1) A corporate person who intends to liquidate itself voluntarily and has not committed any default may initiate voluntary liquidation proceedings under the provisions of this Chapter.
He is always praised for his gift of the gab.
Hang in there
Contain commonly used idioms and phrases in the English language. In each case, choose the option representing the correct meaning of each of ...
When two heavyweights have an argument, its best to sit on the fence and not make either of the turn against you.
Cool heels
- Read the sentence carefully and select the most suitable idiom to fill in the blank.
Despite all the warnings, he continued to take unnecessary ris... In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
- In each of the following questions, an idiomatic expression or a proverb has been given in bold . Choose the option that best expresses its meaning.
to chew the cud
Fill in the blanks with the correct idiom.
The new employee had no experience in the field, but he quickly adapted and showed that he was a ___...
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