Registration of deeds of arrangement and assent of creditors, Financial Accounting

Registration of a D of A and assent of creditors

A D of A will be void unless it is registered with the Registrar within 7 clear days after first execution and is properly stamped.

Within 21 days after registration a deed for the benefit of creditors generally must be assented to by a majority in number and value of the creditors concerned. This assent can be given by the creditor signing the D of A or by signing a separate deed of assent. Further, the trustee appointed by the deed must file a statement that the necessary majority of creditors have assented to the deed. This declaration must be filed within 28 days after the D of A itself was registered.

Posted Date: 12/13/2012 1:34:55 AM | Location : United States







Related Discussions:- Registration of deeds of arrangement and assent of creditors, Assignment Help, Ask Question on Registration of deeds of arrangement and assent of creditors, Get Answer, Expert's Help, Registration of deeds of arrangement and assent of creditors Discussions

Write discussion on Registration of deeds of arrangement and assent of creditors
Your posts are moderated
Related Questions
Wider-range Investments (Requiring advice in writing from a properly qualified person) Quoted shares of a company with a paid-up capital of not less than Shs10m and has

What are main factors that Nor'easters should take into account in establishing a pricing policy? The minor revenue generators of Nor'easters include corporate sponsorships and

Steps in preparing the consolidated balance sheet Step 1 : Prepare the 3 important accounts i.e. cost of control to determine goodwill Group retained profits Mino

#questioSavage Distribution markets CDs of the performing artist Little Sister. At the beginning of October, Savage had in beginning inventory 1,200 Sister’s CDs with a unit cost o

Question: (a) Describe how cost concepts and behavior can be important to Management. (b) What do you meant by "flexing" the Budget? Describe the importance of flexible bud

This is a comprehensive assessment of the material related to our first two class meetings.  You are NOT being tested on material related to capital budgeting (NPV, IRR, etc.). Tha

Calculate breakeven in sales units and in sales value: Tycoon makes and sells 600 toy cars per month.  Each toy car is sold for RM40 each.  Tycoon is currently producing at 50

Evaluate the following statements, and explain why you agree or disagree. (a)    In a recent interview, a Wall Street investment banker commented on the infrequent use of Prefer

Company X is presumably doing well. The corporation's balance sheet last September 31 can be summarized as follows: Total Assets

Suppose you are a financial manager of Yuen Cheong Manufacturng Company. Due to the rising demand of product X, Yuen Cheong Manufacturng Company decides to open a new production pl