Question

Gst activate from which option
Company creation
Display
Masters
House keeping

Answer 1

Answer:

The provisions applicable to members' voluntary winding up are as follows:-

1) Appointment of liquidator and fixation of his remuneration by the General Meeting.

2) Cessation of Board's power on appointment of liquidator except so far as may have been sanctioned by the General Meeting, or the liquidator.

3) Filling up of vacancy caused by death, resignation or otherwise in the office of liquidator by the general meeting subject to an arrangement with the creditors.

4) Sending the notice of appointment of liquidator to the Registrar.

5) Power of liquidator to accept shares or like interest as a consideration for the sale of business of the company provided special resolution has been passed to this effect.

6) Duty of liquidator to call creditors' meeting in case of insolvency of the company and place a statement of assets and liabilities before them.

7) Liquidator's duty to convene a General Meeting at the end of each year.