Resolution for voluntary winding up-liquidation of companies, Financial Accounting

Assignment Help:

Resolution For Voluntary Winding Up

A company may be put into voluntary liquidation:

1) By ordinary resolution: where any period fixed for the duration of the company has expired or any event upon which the company is to be dissolved has happened;

2) By special resolution: for any reason whatsoever. s.271;

The resolution must be advertised in the Kenya Gazette and in a newspaper within 14 days s.272, and the winding up is deemed to commence from the passing of the resolution s.273.


Related Discussions:- Resolution for voluntary winding up-liquidation of companies

Discounted present value, A player for a Rice team, Jim Jones, is graduatin...

A player for a Rice team, Jim Jones, is graduating this year and is considering a career in professional sports. The alternative is to work for two years and then attend business s

Termination of appointments-trust laws, TERMINATION OF APPOINTMENTS A tru...

TERMINATION OF APPOINTMENTS A trustee may cease to hold office in the following ways: (a) Disclaimer : At any time before acceptance of the trusts. (b) Retirement : Eith

Overhead efficiency variance, The following information is for the third qu...

The following information is for the third quarter of this year:   Planned Actual   Production 92,000 units

Perform horizontal financial analysis, For this assignment you are acting a...

For this assignment you are acting as a financial analyst for Apple Inc. Apple Inc. Is one of the most innovative companies worldwide. For example, in November 2012 Apple sold 3 mi

Adjustment, A company does not need to record the receipt of a bill for uti...

A company does not need to record the receipt of a bill for utilities used during this year if they will not pay for it until next year. True or False

Income statement-group accounts, Normal 0 false false false...

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4

Annual interest rate, Interest Rate on a one Payment Your parents will ...

Interest Rate on a one Payment Your parents will retire in 17 years. They presently have $270,000, and they think they will require $1 million at retirement. What annual intere

Conservatism, business is started with the objective of making profits but ...

business is started with the objective of making profits but the conservatism concept says not to anticipate profit.... why so??

The objective of accounting standards, A sound foundation is necessary for ...

A sound foundation is necessary for success in any task from building a house to putting on make up. In terms of U.S Accounting standards it is necessary to have a sound foundation

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