Dissolution – Knowsia

BCL – L1 – Q96 – Legal implications relating to companies in difficulty or in crisis

Differentiate between receiver and liquidator, and winding up and dissolution.

Question

(a) Briefly differentiate between the following:

(i) Receiver and liquidator

(ii) Winding up and dissolution

(b) Kwame is the Finance Director of Golden Enterprises Limited, an insolvent company whose creditors have applied to the court to appoint a receiver. Kwame wants to be appointed as a receiver since he is very much vested with the details of the company and feels better placed to deal with the creditors than any new person. Alternatively, his consultancy company, Grace Consult, should be appointed as a receiver.

What is your view?

Answer

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Tags: Dissolution, Insolvency, Liquidator, Receiver, Winding up
Level: Level 1

Topic: Legal implications relating to companies in difficulty or in crisis

BCL – L1 – Q94 – Legal implications relating to companies in difficulty or in crisis

Explain when a company is deemed dissolved and whether it can be resuscitated.

Question

When is a company deemed to be finally dissolved? Explain whether the company can ever be resuscitated.

Answer

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Tags: Company Law, Court Order, Dissolution, Registrar of Companies, Reinstatement
Level: Level 1

Topic: Legal implications relating to companies in difficulty or in crisis

BCL – L1 – Q91 – Legal implications relating to companies in difficulty or in crisis

Briefly explain the concept of liquidation in company law.

Question

Briefly explain the following as used in company law:

(a) Liquidation.

(b) Winding-up.

Answer

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Tags: Company Law, Corporate Entity, Dissolution, Registrar of Companies
Level: Level 1

Topic: Legal implications relating to companies in difficulty or in crisis

Tag (SQ): Dissolution

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BCL – L1 – Q96 – Legal implications relating to companies in difficulty or in crisis

Differentiate between receiver and liquidator, and winding up and dissolution.

BCL – L1 – Q94 – Legal implications relating to companies in difficulty or in crisis

Explain when a company is deemed dissolved and whether it can be resuscitated.

BCL – L1 – Q91 – Legal implications relating to companies in difficulty or in crisis

Briefly explain the concept of liquidation in company law.

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Tag (SQ): Dissolution

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BCL – L1 – Q96 – Legal implications relating to companies in difficulty or in crisis

Differentiate between receiver and liquidator, and winding up and dissolution.

You're reporting an error for "BCL – L1 – Q96 – Legal implications relating to companies in difficulty or in crisis"

BCL – L1 – Q94 – Legal implications relating to companies in difficulty or in crisis

Explain when a company is deemed dissolved and whether it can be resuscitated.

You're reporting an error for "BCL – L1 – Q94 – Legal implications relating to companies in difficulty or in crisis"

BCL – L1 – Q91 – Legal implications relating to companies in difficulty or in crisis

Briefly explain the concept of liquidation in company law.

You're reporting an error for "BCL – L1 – Q91 – Legal implications relating to companies in difficulty or in crisis"

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