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

Me, what is the different between prorfit and margin prorfi

what is the different between prorfit and margin prorfi

Internal and external analysis on accounting, Write at least 7 full pages t...

Write at least 7 full pages that analyzes the internal and external environments for your organization. This paper must be in essay form. [If you have formatting questions, refer t

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

provide 5% for doubtful debt what is the journal entry

What is amortization, Q. What is Amortization? Amortization -Periodic a...

Q. What is Amortization? Amortization -Periodic and Gradual reduction of any amount, like the periodic write-down ofa BOND premium, cost of an intangible ASSET or periodic paym

What is the average rate of return on investment, a company is evaluating a...

a company is evaluating a project requiring capital expenditure of 620,000. estimated life of project is four years and no salvage value. estimated net income and net cash flow fro

Discuss the interest rate parity, Below is information about the spot and f...

Below is information about the spot and forward rates for three currencies against the US dollar (USD): Currency (exchange rate) Spot Rate Six-month forward rate Euro (EUR)

Fakari had the following asset at the ending of the year, Fakari had the fo...

Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. kSH.000 Account payables 15,800 equipment 46,000

NPO, #questionWise Owls, an NFPO, began operations at the beginning of 20X1...

#questionWise Owls, an NFPO, began operations at the beginning of 20X1 to provide free tutoring and homework assistance, as well as a nutrition program, to low-income immigrant chi

Hedge and a cash flow hedge, PC Bank has $100,000 in fixed rate loans payin...

PC Bank has $100,000 in fixed rate loans paying an annual interest rate of 10 percent, payable semiannually. PC Bank also has $100,000 in certificates of deposit. Their depositor

Presumption of survivorship, PRESUMPTION OF SURVIVORSHIP Where two or m...

PRESUMPTION OF SURVIVORSHIP Where two or more persons have died in circumstances rendering it uncertain which of them survived the other or others, the deaths shall, for all pu

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