Appointment of liquidator, Financial Accounting

Assignment Help:

Appointment of Liquidator

The liquidator is appointed by the court after the above meetings have been held: if the meetings do not agree, the court must settle the issue: if no appointment is made the O.R. continues as liquidator ss.236.

A liquidator other than the O.R. must notify his appointment to the registrar and give security to the satisfaction of the O.R. s.237, and must advertise his appointment.

The liquidator may be removed by the court, vacancies in the office are filled by the court, and his remuneration is fixed by the court. s.238.

Note: A body corporate cannot be appointed liquidator in any kind of winding up s.326.


Related Discussions:- Appointment of liquidator

Failure to record depreciation at year ?, Failure to record depreciation at...

Failure to record depreciation at year end will result in all of the following except Understatement of total liabilities. Overstatement of total assets. Overstatement of net incom

Provide doubtful debt , provide 5% for doubtful debt what is the journal en...

provide 5% for doubtful debt what is the journal entry

Prepate a flexible budget for production, with the following data for a 60 ...

with the following data for a 60 percent activity, prepare a flexible budget for production at 80 percent and 100 percent activity production at 60% activity - 6000 units

Various fields of accounting and how do they differ, 1.what are the various...

1.what are the various fields of accounting and how do they differ? 2. how are revenues and expenses affect the owners' equity account? 3. why are revenues and expenses recor

Illustrations of income statement, Illustrations of Income statement ...

Illustrations of Income statement Profit/Loss on disposal of non-current assets Material write down or reversal of write down on assets e.g. PPE inventory and debtors.

Formula of annuity, In common terms the future value of an annuity or regul...

In common terms the future value of an annuity or regular annuity is specified by the subsequent formula: FVA n = A (1 + k ) n -1 + A (1 + k ) n - 2 + ... + A   .............

.branch accounting., speciman of accounts preparation in stock and debtor...

speciman of accounts preparation in stock and debtor system.

Flexible budget and static budget, Brabham Enterprises manufactures tires f...

Brabham Enterprises manufactures tires for the Formula One motor racing circuit. For August 2011, Brabham budgeted to manufacture and sell 3,000 tires at a variable cost of $74

Format for balance sheet, FORMAT FOR BALANCE SHEET The non current asse...

FORMAT FOR BALANCE SHEET The non current assets, current assets and current liabilities sections remain identical to those of a sole proprietorship.  However, the “capital sect

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd