Tag (SQ): Private Liquidation

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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.

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.

(c) State the modes of official winding up and indicate those who can petition the court for winding up.

(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 – 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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