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Questions and Answers
Under what circumstances are contributions payable during winding up with another company?
Under what circumstances are contributions payable during winding up with another company?
- When the company is being wound up voluntarily for reconstruction or amalgamation purposes (correct)
- When the company is being wound up due to bankruptcy
- When the company is facing legal disputes
- When the company is merging with another company
Who is eligible to receive compensation under the Workmen's Compensation Act 1923?
Who is eligible to receive compensation under the Workmen's Compensation Act 1923?
- Shareholders of the company
- Creditors of the company
- Directors of the company
- Employees of the company (correct)
When can the amount payable under the Workmen's Compensation Act 1923 be transferred to another party?
When can the amount payable under the Workmen's Compensation Act 1923 be transferred to another party?
- When the company is merging with another company
- When the company has a contract with an insurer (correct)
- When the company is expanding its operations
- When the company is facing financial losses
What is the purpose of the Workmen's Compensation Act 1923?
What is the purpose of the Workmen's Compensation Act 1923?
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What is the relevance of the twelve months immediately before the commencement of winding up?
What is the relevance of the twelve months immediately before the commencement of winding up?
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