If the company is not in a position to pay its debts and the directors make no declaration of solvency it is called-

Related MCQs

• If the directors make o declaration of solvency before the members pass a winding up resolution, the winding up will be:
• The official record of the proceedings of the meetings of directors or shareholders of a company is:
• Every company can have a maximum number of directors up to
• In case of winding up of a company, the liquidator appointed is required to give a declaration disclosing their interest or lack of independence if any, within
• The Board of Directors can call a general meeting of the members any time by giving not less than-
• The Board of Directors can call a general meeting of the members any time by giving not less than _________notice.
• Under Employees Compensation Act, employer shall not be liable to pay compensation in respect of any injury which does not result in the total or partial disablement of the workman for a period exceeding _______days;
• Under Employees Compensation Act, employer shall not be liable to pay compensation in respect of any injury not resulting in death or permanent total disablement caused by an accident :
• A person liable to contribute to the assets of a Company in the event of its being wound up is called
• The first Annual General Meeting of a company may be held within a period of not more than ___________ from the date of its incorporation.