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What happens to the company's property when there is no official liquidator appointed yet?
  • a)
    It is transferred to the Central Government
  • b)
    It remains in the custody of the Court
  • c)
    It is distributed among the creditors
  • d)
    It is sold to pay off company debts
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What happens to the company's property when there is no official liqui...
When there is no official liquidator appointed yet, the company's property remains in the custody of the Court. This ensures that the assets are properly managed and protected until a liquidator is appointed to oversee the winding up process.
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What happens to the company's property when there is no official liquidator appointed yet?a)It is transferred to the Central Governmentb)It remains in the custody of the Courtc)It is distributed among the creditorsd)It is sold to pay off company debtsCorrect answer is option 'B'. Can you explain this answer?
Question Description
What happens to the company's property when there is no official liquidator appointed yet?a)It is transferred to the Central Governmentb)It remains in the custody of the Courtc)It is distributed among the creditorsd)It is sold to pay off company debtsCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What happens to the company's property when there is no official liquidator appointed yet?a)It is transferred to the Central Governmentb)It remains in the custody of the Courtc)It is distributed among the creditorsd)It is sold to pay off company debtsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What happens to the company's property when there is no official liquidator appointed yet?a)It is transferred to the Central Governmentb)It remains in the custody of the Courtc)It is distributed among the creditorsd)It is sold to pay off company debtsCorrect answer is option 'B'. Can you explain this answer?.
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