Test Modules N

N Liquidation Windingup

N Liquidation Windingup

1 / 82

Where a company has been dissolved, Tribunal may at any time within _____ years of the date of dissolution, on application by CL of company, make an order that dissolution is void and such proceedings maybe taken as if the company has not been dissolved.

2 / 82

___________ shall be deemed as the commencement date of winding up:

3 / 82

Petition for Winding up to Tribunal can be made by:

4 / 82

A floating charge on the property created within ______ months immediately preceding the commencement of winding up shall be invalid.

5 / 82

A suit or legal proceeding shall stay on winding up order except proceeding pending in appeal before :

6 / 82

Property can be sold for …….. after winding-up order is passed.

7 / 82

Official liquidator shall be appointed by:

8 / 82

Official Liquidator shall dispose of all asserts within ____ days of his appointment.

9 / 82

On appointment as provisional liquidator or Company Liquidator, as the case may be, such liquidator shall file a declaration within ____ years from the date of appointment in the prescribed form disclosing a conflict of interest or lack of independence in respect of the appointment:

10 / 82

Money in the Company Liquidation Dividend & Undistributed Assets etc., if remained unpaid / unclaimed for ……….. years and be transferred to ……………

11 / 82

Any creditor/contributory may inspect the books kept by the company liquidator.

12 / 82

Official liquidators are appointed from a panel of professional firms of :

13 / 82

The company liquidator has to submit the reports on the progress of winding up:

14 / 82

Who among the following cannot file a petition for winding up?

15 / 82

The order of dissolution can be issued only by the____________

16 / 82

____________carries out the winding up proceedings.

17 / 82

A voluntary winding up means winding up by

18 / 82

The object of winding up of a company by the Tribunal is.

19 / 82

As per Sec.488, Declaration of Solvency of company by the Directors in the case of voluntary winding up may be made within.

20 / 82

One of the following is the instance where the just and equitable clause for winding up can be adopted by the Tribunal.

21 / 82

In the event of Company being wound up the Tribunal shall prepare list of contributories into.

22 / 82

A voluntary winding up is deemed to commence from the date when the declaration of solvency is made by the _______________

23 / 82

official liquidator is appointed by the_____

24 / 82

A public company may be wound up by the Tribunal if the number of its members is reduced below _____

25 / 82

A company has to submit a statement of affairs to the Official Liquidator within ____ days of the appointment of the official liquidator.

26 / 82

Company may be wound up by the Tribunal by passing __________Resolution.

27 / 82

After obtaining of certificate to commence business a company may be wound up if it does not commence business within ___________

28 / 82

When a winding up order has been made by the tribunal but there is no liquidator, the property of the company vests in the__________

29 / 82

On a winding up order being made in respect of a company, the official Liquidator shall, become the ___________of the company.

30 / 82

A person liable to contribute towards the assets of the company on the event of its being wound up is a_______

31 / 82

In case of a company limited by guarantee, the liability of the members can be enforced

32 / 82

Company Liquidator, in so far as it relates to the winding up of a company, means a person appointed by—

33 / 82

If the transferor company is dissolved, the fee, if any, paid by the transferor company on its authorized capital shall _______ set-off against any fees payable by the transferee company on its authorized capital subsequent to the amalgamation.

34 / 82

Where a company has been dissolved, Tribunal may at any time within ______years of the date of dissolution, on application by CL of company, make an order that dissolution is void & such proceedings may be taken as if the company has not been dissolved.

35 / 82

__________ shall be deemed as the commencement date of winding up:

36 / 82

Petition for Winding Up to Tribunal can be made by:

37 / 82

Directors in respect of which winding-up order is passed by Tribunal u/s273(1) shall within...........days of such order submit BOA of the company to such liquidator.

38 / 82

Floating charge on the property created within ..........months immediately preceding the commencement of winding up shall be invalid.

39 / 82

All suits or legal proceedings shall stay on winding up order except proceeding pending in appeal before:

40 / 82

Property can be sold for…….after winding-up order is passed.

41 / 82

Official liquidator shall be appointed by:

42 / 82

Official Liquidator shall dispose of all assets within ….. days of his appointment.

43 / 82

Within how many days the Tribunal is required to pass an order under section 273:

44 / 82

Company may not be wound up by tribunal:

45 / 82

On appointment as provisional liquidator or Company Liquidator, as the case may be, such liquidator shall file a declaration within....... days from the date of appointment in the prescribed form disclosing a conflict of interest or lack of independence in respect of his appointment:

46 / 82

Money in the Company Liquidation Dividend & Undistributed Assets a/c, if remained unpaid/unclaimed for ................ years & be transferred to.................

47 / 82

If, in the course of winding up of company, it appears that business has been carried with intent to defraud creditors/another person for any fraudulent then on application by……………to Tribunal, it shall examine & pass orders to declare any person liable without limitation & be personally liable.

48 / 82

In case of offences by officers of the company in liquidation, such officer shall be punishable with a fine of minimum Rs.................& maximum Rs...................

49 / 82

Being an artificial person, a company cannot die irrespective of the fact that its members, even the founders or subscribers to the Memorandum, may die or go out of it.

50 / 82

The existence of a company can be terminated only by law.

51 / 82

No member can either individually or jointly claim any ownership rights in the assets of company during its existence or on its winding up.

52 / 82

Preference shareholders receive dividends on the highest priority and also companies return their capital before ordinary shareholders when undergoing liquidation.

53 / 82

Section __________ of the Cooperative Societies Act, 1912 deals with winding up provisions.

54 / 82

Partnership firms, whether registered or not under section 59 of the Indian Partnership Act, 1932 shall get covered under the ambit of __________ of the Insolvency & Bankruptcy Code.

55 / 82

________ of Insolvency & Bankruptcy Code provides for insolvency resolution and bankruptcy for individuals and partnerships firms.

56 / 82

If the company goes for voluntary winding up, application shall be made under Section __________ of the Insolvency & Bankruptcy Code.

57 / 82

If the company is being wound up due to inability to pay, application shall be made under sections _________ of the Insolvency and Bankruptcy Code.

58 / 82

Voluntary winding up (i.e., sections ________ of the Act, 2013) has been shifted from the Act, 2013 to the insolvency & Bankruptcy Code (i.e., Section __________) of the Code.)

59 / 82

Winding up by the Tribunal has been provided under ________

60 / 82

Voluntary winding up for corporate persons has been provided under __________

61 / 82

Winding up due to the inability to pay has been provided under _____

62 / 82

The dissolution order is a _________ for the company.

63 / 82

When the affairs of the company have been completely wound up, the liquidator shall make an application to the Tribunal for _______ of the company.

64 / 82

The expression __________ brings end to the process of winding up / liquidation.

65 / 82

_________ is a process of ending all the business affairs of the company and liquidation is referred to selling off the assets of the company.

66 / 82

_______ means winding up under the Companies Act, 2013 or liquidation under the insolvency and Bankruptcy Code, 2016 as applicable.

67 / 82

A corporate person who intends to liquidate itself voluntarily and has not committed any default can initiate the __________

68 / 82

As per section 439 of the Companies Act, who can file a petition to the Tribunal for winding up?

69 / 82

Official liquidators are appointed from the panel of ________

70 / 82

In the event of Company being wound up, the Tribunal shall prepare list of contributories into ________

71 / 82

An official liquidator is appointed by the ________

72 / 82

On a winding up order being made, the Company’s property comes under the custody of ______

73 / 82

The winding up in which a solvency declaration is not made is known as _________

74 / 82

The order of dissolution can be issued only by the Company Law _____

75 / 82

________ is the first stage in which assets are realised and liabilities are paid up and surplus is distributed.

 

 

 

 

76 / 82

The Company is dissolved when the Tribunal passes an order of dissolution and the Tribunal shall pass such order ________

77 / 82

In case of members voluntary winding up the liquidation for conducting the winding up proceedings is appointed by _________

78 / 82

Winding up by special resolution passed by the company is _______

79 / 82

Winding up by the order of Tribunal is _________

80 / 82

The winding up of the Company can only be done by the process of _________

81 / 82

Member’s voluntary winding-up takes place only when the company is insolvent.

82 / 82

A fixed charge becomes floating charge when a company goes into liquidation.

Your score is

The average score is 18%

Enquiry Gateway