- 20 Marks
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.
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