Tag (SQ): Special Resolution

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BCL – L1 – SA – Q100 – Companies in Crisis

Type of winding up by special resolution.

Winding up by special resolution passed by the company.

A   Compulsory winding up.

B   Winding up

C   Voluntary winding up

D   All of the above

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BCL – L1 – SA – Q86 – Company Meetings

Definition of a special resolution.

………….is the resolution, which is passed, at valid called general meeting, by special majority of the meeting.

A   Ordinary resolution

B   Special resolution

C   Resolution by postal ballot

D   Resolution requiring special notice

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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.

(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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