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Who is a "contributory" in the context of company liquidation?
  • a)
    A person who contributes to the company's social activities.
  • b)
    A person who is responsible for contributing to the company's charitable donations.
  • c)
    A person liable to contribute to the assets of the company in the event of winding up.
  • d)
    A person who contributes to the company's annual financial statements.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Who is a "contributory" in the context of company liquidatio...
A "contributory" is a person who is legally liable to contribute to the assets of the company in case of its winding up. This contribution is based on the person's status as either a present or past member of the company.
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Who is a "contributory" in the context of company liquidation?a)A person who contributes to the company's social activities.b)A person who is responsible for contributing to the company's charitable donations.c)A person liable to contribute to the assets of the company in the event of winding up.d)A person who contributes to the company's annual financial statements.Correct answer is option 'C'. Can you explain this answer?
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Who is a "contributory" in the context of company liquidation?a)A person who contributes to the company's social activities.b)A person who is responsible for contributing to the company's charitable donations.c)A person liable to contribute to the assets of the company in the event of winding up.d)A person who contributes to the company's annual financial statements.Correct answer is option 'C'. 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 Who is a "contributory" in the context of company liquidation?a)A person who contributes to the company's social activities.b)A person who is responsible for contributing to the company's charitable donations.c)A person liable to contribute to the assets of the company in the event of winding up.d)A person who contributes to the company's annual financial statements.Correct answer is option 'C'. 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 Who is a "contributory" in the context of company liquidation?a)A person who contributes to the company's social activities.b)A person who is responsible for contributing to the company's charitable donations.c)A person liable to contribute to the assets of the company in the event of winding up.d)A person who contributes to the company's annual financial statements.Correct answer is option 'C'. Can you explain this answer?.
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