Winding up by court - Study guides, Class notes & Summaries

Company Law for Business 266 All Topics Questions and Answers 100% Correct.(Tutors only) Multiple Choice Questions and Answers Tutors Only Topic 1: About Companies, company Law and Legal nature of Companies 1. From a shareholder‟s point of view, the purchase of shares in a Pty Ltd company may be an attractive option because: a. The investor has limited liability. b. The company has limited liability. c. Both the investor and the company have limited liability. d. The shares can...

MCL5903 January February Portfolio 2024 (COMPLETE ANSWERS) - DUE 19 January 2024 MCL5903 January February Portfolio 2024 (COMPLETE ANSWERS) - DUE 19 January 2024 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 ............................................. Question 1 (20 marks) Best Bank Ltd institutes an application for winding-up of Getaway Trucking (Pty) Ltd (‘Getaway’). The winding-up application is based upon a ‘without prejudice’ ...

WINDING UP MEANS Correct Answer essentially the procedure by which a company's assets are sold, its debts are paid, and any money left over is divided amongst the shareholders according to their rights. WINDING UP OF COMPANIES IS REGULATED BY THE FOLLOWING LEGISLATIVE PROVISIONS Correct Answer 1. Section 79 - 81 of the Companies Act 71. Winding up of solvent companies 2. Chapter 14 of the Companies Act. 3. Various provision of the Insolvency Act. MODES OF WINDING UP AND ALTERNATIVES...

MRL3701 Assignment 2 Due 13 April 2024 WINDING UP MEANS - ans -essentially the procedure by which a company's assets are sold, its debts are paid, and any money left over is divided amongst the shareholders according to their rights. WINDING UP OF COMPANIES IS REGULATED BY THE FOLLOWING LEGISLATIVE PROVISIONS - ans -1. Section 79 - 81 of the Companies Act 71. Winding up of solvent companies 2. Chapter 14 of the Companies Act. 3. Various provision of the Insolvency Ac...

Question 1 1.1 Explain the concept "concursus creditorum" as well as what it presupposes. (5) 1.2 ABC Ltd is a British company that owns property which is lying in a warehouse in Cape Town harbour. ABC Ltd does not have a place of business in South Africa. Will the Western Cape High Court, Cape Town, have jurisdiction to sequestrate ABC Ltd.’s estate? (5) 1.3 Fred approaches you for advice. He informs you that Jenna owes him R24 000 for cleaning services rendered by his company....

MRL3701 PORTFOLIO MEMO - OCT./NOV. 2023 - SEMESTER 2 - UNISA - DUE 26 OCTOBER 2023 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! Question 1 CONFIDENTIAL 8 of 11 1.1 Explain when a formal defect in an application for the sequestration of an insolvent estate will be considered as fatal. (5) 1.2 Explain why the court in Ex Parte Arntzen (Nedbank Ltd as Intervening Creditor) 2013 (1) SA 49 (KZP) held that creditors are more vulnerable in voluntary surrender appli...

WINDING UP BY COURT Correct Answer although only High Court has jurisdiction to wind up a company, both a High Court and a Magistrate's court have jurisdiction to wind up a corporation. The court having jurisdiction is that which has jurisdiction where the corporation's registered address or main place of business is situated. WHEN CORPORATION MAY BE WOUND UP BY THE COURT Correct Answer Grounds for wining up of CC and the parties who may apply for its winding up, mirror those for solvent an...

SHRM CP Exam Questions and Answers All Correct When managers begin with a blank slate and must justify their expenditures, what budgeting method is being used? - Answer-zero-based budgeting Zero-based budgeting requires all managers to start at zero. A department must justify its entire budget and show how its funding will help the organization meet its goals. In zero-based budgeting, all operations are given a priority rating, each unit or goal is ranked, and funds are given in order of t...

BUL 3310 Exam 4 FSU Bailey - Questions and Answers (Complete Solutions) Phil has a 1/4 partnership interest in Green & Sons. He has been denied access to the partnership books and records for over a year and he suspects that one of the partners has been engaging in secret business transactions using partnership funds. Phil wants to know the status of the business. Phil's remedy in this situation is to go to a court of equity for an ______________. Charging order Marshalling order Accounting De...

MRL3701 Assignment 2 Due 13 April 2024 WINDING UP MEANS - ans -essentially the procedure by which a company's assets are sold, its debts are paid, and any money left over is divided amongst the shareholders according to their rights. WINDING UP OF COMPANIES IS REGULATED BY THE FOLLOWING LEGISLATIVE PROVISIONS - ans -1. Section 79 - 81 of the Companies Act 71. Winding up of solvent companies 2. Chapter 14 of the Companies Act. 3. Various provision of the Insolvency Act. MODES OF WIN...