Chapter 12: Introduction To Winding Up Flashcards
if a creditor of more than 100,000 serves a notice on the registered office of the company and within x time company neither pays, nor satisfies the creditor, company deemed unable to pay its debts
30 days
contributories can file for petition for winding up if shares have been allotted to them for what days during the last what months
180 days, 18 months
commission maintains a panel of people having atleast x years experience
10 years
official liquidator shall file a declaration within what days, disclosing whether he has any conflict of interest
7 days
statement of affairs shall be submitted within what days from relevant date
15 days, extension upto 45 days
statement shall contain places where company conducted business in the last what days
180 days
the report by official liquidator should be submitted after receipt of statement of affairs, but within what time from winding up order?
60 days
