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What is the primary duty of the liquidator in winding up the company?
  • a)
    To maximize profits for the shareholders
  • b)
    To distribute company assets equally among creditors
  • c)
    To conduct proceedings in a fair and impartial manner
  • d)
    To minimize tax liabilities for the company
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the primary duty of the liquidator in winding up the company?a...
The primary duty of the liquidator is to conduct the proceedings in winding up the company in a fair and impartial manner, according to the provisions of the law. This ensures that the process is conducted justly for all stakeholders involved.
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What is the primary duty of the liquidator in winding up the company?a)To maximize profits for the shareholdersb)To distribute company assets equally among creditorsc)To conduct proceedings in a fair and impartial mannerd)To minimize tax liabilities for the companyCorrect answer is option 'C'. Can you explain this answer?
Question Description
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