Podcast
Questions and Answers
Which of the following is NOT a mode of winding up a company, according to the provided content?
Which of the following is NOT a mode of winding up a company, according to the provided content?
- By the court
- Subject to the supervision of the court
- Voluntary
- By resolution of creditors (correct)
The provisions of this Act regarding winding up apply uniformly to all modes of winding up a company, with no exceptions.
The provisions of this Act regarding winding up apply uniformly to all modes of winding up a company, with no exceptions.
False (B)
Name the three modes of winding up a company as outlined in the provided content.
Name the three modes of winding up a company as outlined in the provided content.
By the court, voluntary, subject to the supervision of the court
The winding up of a company can be either by the court, ________, or subject to the supervision of the court.
The winding up of a company can be either by the court, ________, or subject to the supervision of the court.
In the context of winding up a company, what condition might cause the general provisions of the Act to not apply?
In the context of winding up a company, what condition might cause the general provisions of the Act to not apply?
If a company chooses to wind up voluntarily, it is exempt from any court oversight or legal provisions.
If a company chooses to wind up voluntarily, it is exempt from any court oversight or legal provisions.
According to the content, under what circumstances would specific provisions of the Act NOT apply to the winding up of a company?
According to the content, under what circumstances would specific provisions of the Act NOT apply to the winding up of a company?
What does 'subject to the supervision of the court' mean in the context of winding up a company?
What does 'subject to the supervision of the court' mean in the context of winding up a company?
Subsection (1) of the content outlines the different _______ of winding up a company.
Subsection (1) of the content outlines the different _______ of winding up a company.
Match the mode of winding up with its description:
Match the mode of winding up with its description:
Flashcards
Modes of Winding Up
Modes of Winding Up
A company can be wound up by the court, voluntarily, or under court supervision. The Act's winding-up provisions apply to all methods unless stated otherwise.
Study Notes
- The winding up of a company can occur in one of three ways
- By the court
- Voluntarily
- Subject to court supervision
- The Act's provisions regarding winding up apply to all methods unless otherwise specified.
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