Liquidator – Knowsia

BCL – L1 – Q98 – Legal implications relating to companies in difficulty or in crisis

Discuss five duties and five powers of a liquidator under Act 180.

Question

(a) Discuss any five duties and five powers of the liquidator under Bodies Corporate (Official Liquidations) Act, 1963 (Act 180).

(b) State and explain five reasons for mergers and acquisitions.

(d) Explain fully the process of private liquidation.

Answer

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Tags: Directors, Liquidator, Private Liquidation, Special Resolution
Level: Level 1

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

BCL – L1 – Q97 – Legal implications relating to companies in difficulty or in crisis

State the two types of winding up under the Companies Act.

Question

(a) State the two types of winding up.

(b) Giving examples, indicate the role(s) of the registrar, if any, in winding up of a company.

(d) Explain the contents of ‘Statement of Affairs’ as required to be submitted to the liquidator.

Answer

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Tags: Assets, Insolvency, Liabilities, Liquidator, Statement of affairs
Level: Level 1

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

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 – Q92 – Legal implications relating to companies in difficulty or in crisis

State the effect on the Board of Directors when a liquidator is appointed in private liquidation.

Question

State what happens to the Board of Directors of a company limited by shares on the appointment of a Liquidator in respect of private liquidation.

Answer

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Tags: Board of Directors, Company Law, Insolvency, Liquidator, Private Liquidation
Level: Level 1

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

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BCL – L1 – Q98 – Legal implications relating to companies in difficulty or in crisis

Discuss five duties and five powers of a liquidator under Act 180.

BCL – L1 – Q97 – Legal implications relating to companies in difficulty or in crisis

State the two types of winding up under the Companies Act.

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 – Q92 – Legal implications relating to companies in difficulty or in crisis

State the effect on the Board of Directors when a liquidator is appointed in private liquidation.

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Tag (SQ): Liquidator

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BCL – L1 – Q98 – Legal implications relating to companies in difficulty or in crisis

Discuss five duties and five powers of a liquidator under Act 180.

You're reporting an error for "BCL – L1 – Q98 – Legal implications relating to companies in difficulty or in crisis"

BCL – L1 – Q97 – Legal implications relating to companies in difficulty or in crisis

State the two types of winding up under the Companies Act.

You're reporting an error for "BCL – L1 – Q97 – Legal implications relating to companies in difficulty or in crisis"

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 – Q92 – Legal implications relating to companies in difficulty or in crisis

State the effect on the Board of Directors when a liquidator is appointed in private liquidation.

You're reporting an error for "BCL – L1 – Q92 – Legal implications relating to companies in difficulty or in crisis"

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