[Solved] As per Sec.457, the statutory powers of the liquidator can be exercised.

McqMate

Q.	As per Sec.457, the statutory powers of the liquidator can be exercised.
A.	with the sanction of tribunal.
B.	without the sanction of the tribunal.
C.	some with and some without such sanction.
D.	with the sanction of the central government.
Answer» C. some with and some without such sanction.

1.1k

0

Do you find this helpful?

1

View all MCQs in

Regulatory Framework for Companies

Discussion

No comments yet

Related MCQs

Tribunal may appoint the official liquidator to be the liquidator provisionally at any time.
A company has to submit a statement of affairs to the Official Liquidator within …… days of the appointment of the official liquidator.
Under the companies Act, which one of the following powers can be exercised by the Board of Directors?
………. defines the extent of powers of powers of the company.
The official liquidator after receipt of statement of affairs of the company must submit a preliminary report to the Tribunal not later than ……………. of the order.
On a winding up order being made in respect of a company, the official Liquidator shall, become the ………….. of the company.
When a winding up order has been made by the tribunal but there is no liquidator, the property of the company vests in the ……………….. .
An official liquidator is appointed by the …………..
The Statutory Auditors of the company are appointed by.
Statutory meeting of the company must be held within.