CA Final Law – Winding Up MCQs

Where a petition is presented on the ground that it is just and equitable that the company should be wound up the tribunal has the company should be wound up, the tribunal has the discretion to dismiss it, if____

A company may be ordered to be wound up by the tribunal if the company has made a default in filling with the registrar its financial statements ____annal returns for immediately preceding ___ consecutive financial years.

Statement (1)—Where a petition for winding up of a company is presented to the tribunal and tribunal is satisfied that conditions mentioned with respect to such ground are satisfied the tribunal is bound to order the winding up a company
Statement (2)—A petition for winding up of a company may be presented to the tribunal by any director of the company.

Which of the following is not a ground for winding up by the tribunal?

Where a petition for winding up is presented before the tribunal bye __, such petition shall be admitted only if it is accompanied by a statement of affairs.

A contributory shall be entitled to present the petition only if the shares were originally allotted to him or he has held his shares for at least___during the __immediately preceding the commencement of winding up or the shares have been devolved on him by reason of death of a member.

The registrar shall not be entitled to present a petition for winding up on the ground that—

The previous approval of the central government is required before a petition for winding up is made by the___

On receipt of a petition for winding up under section 272, the tribunal shall pass its order within____ from the date of presentation of the petition.

Before appointing a provisional liquidator, the tribunal shall grant to ____ a reasonable opportunity to make representations, if any.

A copy of every petition made to the tribunal for winding up of a company shall also be filed with ___ shall submit his/its views to the tribunal within ___of receipt of such petition.

Where an order of ending up of a company is passed bye the tribunal, the directors and officers of the company shall within____, submit to the liquidator, the books of account of the company duly___ upto the date of the order of the tribunal.

Where the tribunal makes an order for winding up of a company, the tribunal shall appoint the company liquidator who shall be _____

Within____ of appointment as provisional liquidator or company liquidator, such liquidator shall file with the tribunal declaration disclosing conflict of interest or lack of independence in respect of his appointment, if any.

Where the tribunal makes an order for appointment of provisional liquidator or for the winding up of a company, it shall, within a period not exceeding ____from the date of Passing of the order, as the case may be, and ___

Within ____ from the date of passing of winding up order, the company liquidator shall make an application to the tribunal for constitution of a winding up committee to assist and monitor the progress of liquidation proceedings by the company liquidator.

The order for the winding up a company shall operate in favour of ____as if it had been made out on _____

On the ground of fraud or misfeasance, the tribunal may, for reasons to be recorded in writing, remove _____

When a winding up order Has been passed or a provisional liquidator has been appointed no suit or other legal proceeding except any appeal pending before ____, shall be commenced, or if pending at the date of the winding up-order, shall be proceed with, by or against the company, except with the leave of ____ and subject to such terms as the tribunal may impose.

Any application to the tribunal seeking leave for commencement or continuation of any suit or other legal proceeding shall be disposed of by the tribunal within _______

Where the tribunal has made a winding up order or appointed a company liquidator, such liquidator shall, within _____ from the order, submit a report to the tribunal.

Statement (1) –the tribunal has the discretion to appoint a sale committee for the purpose of assisting the company liquidator in sale of the assets of the company.
Statement (2) – the tribunal is empowered to make an order for sale of the company as a going concern

A person who has been a member shall not be liable to contribute in suspect of any debt or liability of the company contracted _____

Statement (1)—A person holding fully paidup shares in a company shall be considered as a contributory.
Statement (2)—A person holding fully paidup shares in a company shall have no liabilities of a contributory, but he shall retain rights of contributory.