Q218. If a contributory dies either before or after he has been placed on the list of contributories, his _________shall be liable in due course of administration, to contribute to the assets.
a. legal representatives
b. special
c. insolvent
Answer
a. legal representatives
Q219. The company by _________resolution, resolve that it be wound up by the court.
a. special
b. insolvent
c. Central Government
Answer
a. special
Q220. The procedure in a creditors’ voluntary winding up is based upon the assumption that the company is_________
a. insolvent
b. Central Government
c. preferential
Answer
a. insolvent
Q221. The _________shall not grant the permission to the registrar unless the company has been given the opportunity of making its representation against the petition of the registrar for winding up.
a. Central Government
b. preferential
c. termination
Answer
a. Central Government
Q222. In the event of winding up, certain payments are to rank in priority to others, they are called _________ payments.
a. preferential
b. termination
c. Workmen’s
Answer
a. preferential
Q223. All secured holiday remuneration becoming payable to an employee on the _________of his employment before, or by the effect of the winding up
a. termination
b. Workmen’s
c. liquidator
Answer
a. termination
Q224. _________dues and debts due to secured creditors come first in the order of priority in paying off debts in a winding up.
a. Workmen’s
b. liquidator
c. void
Answer
a. Workmen’s
Q225. For the purpose of filing Income Tax Return for the income earned during the winding up it has been held that the _________will be regarded as principal officer of the company.
a. liquidator
b. void
c. official liquidator
Answer
a. liquidator
Q226. A Body Corporate cannot be appointed as a voluntary liquidator and any such appointment would be _________.
a. void
b. official liquidator
c. defunct
Answer
a. void
Q227. The Official Receiver attached to District Court for insolvency purposes shall be the _________ attached to the District Court
a. official liquidator
b. defunct
c. None of these
Answer
a. official liquidator
Q228. A _________company means a company which has never commenced business or which is not carrying on business.
a. defunct
b. old
c. None of these
Answer
a. defunct
Q229. The company is kept, after dissolution, in ‘suspended animation’ for _________years.
a. 2
b. 5
c.
Answer
a. 2
Q230. The official liquidator shall file a copy of the order of dissolution within _________days of making of the order
a. 50
b. 20
c. 30
Answer
c. 30
Q231. When there is a contract for the sale of _________goods, property in the goods is not transferred to the buyer unless and until the goods are ascertained
Answer
unascertained
