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

Prepare a cash budget for each of the first three months, Question : Th...

Question : The subsequent data pertain to a shop. The owner has made following sales forecasts for the first 5 months of the coming year.

State the accounting as an information system, State the Accounting as an i...

State the Accounting as an information system We know that accounting can be seen as provision of a service to 'clients'. Another way of viewing accounting is as a part of busi

Accounting date-trusts accounts-trusts laws and accounts, Accounting Date ...

Accounting Date In determining the accounting date of the trust, the trustees will consider the following: Date of death (accounts to anniversary of death); Fiscal y

Inventory ratio, inventory ratio of 4 compared to 7.1

inventory ratio of 4 compared to 7.1

Discuss limitations of ratio analysis, Question : Financial analysts wi...

Question : Financial analysts will use ratios to compare performance of companies in the same industry. Lenders will frequently use ratio analysis to help them decide whethe

Find the expected time a person will spend, A new shopping mall is consider...

A new shopping mall is considering setting up an information desk staffed by one (1) employee. Based upon information obtained from similar information desks, it is believed that p

Calculate current average cost of processing order, SF is a division of Sel...

SF is a division of Sell.com, an internet retailer. SF operates two large server farms, each of which is a set of interconnected computers and hard drives that are used to process

Illustrate individuals budget constraint, An individual is currently workin...

An individual is currently working 40 hours per week, earning $10 per hour.  He loses his job and successfully applies for unemployment insurance.  The insurance plan works as foll

Determine estimated cost, XYZ Company is a large manufacturer of auto parts...

XYZ Company is a large manufacturer of auto parts for the auto manufacturers and parts distributors. XYZ has plants throughout the world, but most are located in North America. XYZ

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