Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
DECLARATION OF SOLVENCY:
A voluntary winding up is a members' voluntary winding up only if the directors make and deliver to the registrar a declaration of solvency:
This is a statutory declaration that the directors have made a full inquiry into the affairs of the company and are of the opinion that it will be able to pay its debts in full within a specified period, not exceeding 12 months.
The declaration is made by all the directors or, if there are more than two directors, by a majority of them.
The declaration includes a statement of the company's assets and liabilities as at the latest practicable date before the declaration is made.
The declaration must be:
(a) made within the thirty days immediately preceding the date of the passing of the resolution for winding up, and
(b) delivered to the registrar for registration before that date: s.276(2)
If the liquidator later concludes that the company will be unable to pay its debts he shall further notify the registrar accordingly and call a meeting of creditors and lay before them a statement of assets and liabilities: s.281(1)
The United States form of government is often described as a "Constitutional Democracy ". The existence and importance of a written Constitution is a major difference between the A
Explain the modes of acquiring territory There are certain modes of acquiring territory. Before 1948, there were a lot of territories available and mostly areas were unkno
What is the neighbour rule? Duty of care: There is a duty of care by anyone to other where this can be reasonably foreseen which one’s action may injure another (negligen
HUMAN RIGHTS Human rights are something which we frequently hear about, discuss, and have probably read a great deal on as well. Most political and social discussions revolve ar
Issue is sanctioned by the court - allotment of shares: Not less than one year has elapsed since the company was entitled to commence business. This provision obviates the
Q. Can you describe International law? International law comprises of a set of rules that govern the international relations between sovereign states. It can be classified into
QUESTION 1 (a) What are the three main features of security? Define the different types of security that banks normally take to secure credit facilities (b) The Borrower Pro
What is hire purchase?
Jordan is the director a big engineering Company. Tyson is the Chief Engineer of the company. He is working on the company's new project, namely the construction of a new building
Distribution of Surplus Assets: If the debts are paid in full the liquidator should apply what remains in repayment of capital paid on shares and then distribute any residue t
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd