New Cracking SEBI General in 60 Days - Possible or Not?
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Question

According to the provisions of the Companies Act for the winding up of a company by the Tribunal, the Tribunal at the time of the passing of the order of winding up, shall ________________

A Appoint a professional as the Company Liquidator Correct Answer Incorrect Answer
B Appoint an Official Liquidator or a liquidator as the Company Liquidator Correct Answer Incorrect Answer
C Appoint an Official Liquidator and a liquidator as the Company Liquidator Correct Answer Incorrect Answer
D Appoint an Official Liquidator as the Company Liquidator on the recommendation of the Board of Directors Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Section 275. Company Liquidators and their appointments: (1) For the purposes of winding up of a company by the Tribunal, the Tribunal at the time of the passing of the order of winding up, shall appoint an Official Liquidator or a liquidator from the panel maintained under sub-section (2) as the Company Liquidator.

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