MCQOPTIONS
Saved Bookmarks
| 1. |
Which of the following statement is False |
| A. | The preference shareholders are legally entitled to the repayment of capital in the event of liquidation of the company |
| B. | A company being a creation of law cannot die a natural death. It comes to an end by law through the process of liquidation |
| C. | If a company makes a default in delivering the statutory report to the registrar or in holding the statutory meeting, then company is compulsorily wound up by the court |
| D. | Creditors voluntary winding up applies to insolvent companies |
| Answer» B. A company being a creation of law cannot die a natural death. It comes to an end by law through the process of liquidation | |