When laws or court orders, force a company to appoint a liquidator who sells assets and distributes the proceeds to creditors it is:
A. Compulsory winding up of a company
B. The Creditor's voluntary winding up
C. Members voluntary winding up of a company
D. None of these
Answer: Option A
Related Questions on Legal Aspects of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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