A. If period fixed for the company is expired.

B. If company passes a special resolution the company wound up voluntarily.

C. Members voluntary winding up is applicable to solvent companies only.

D. All of the above

A. If a company unable to pay its debt

B. If the number of members of company reduced below statutory limit.

C. If a company does commence its business within a year from its incorporation.

D. All of the above.

A. Secured creditors

B. Preferential creditors

C. Liquidation expenses

D. Preferential creditors

A. Cash flow statement

B. Cash book

C. Liquidator’s final statement of account

D. Deficiency accounts.

A. Creditor

B. A shareholder

C. A debenture holder

D. A convertible debenture holder

A. In respect of any liability contracted after he ceased to be member of the company.

B. One year passed since he ceased to be a member.

C. In case of company limited by shares, no liability arises if shares are fully paid up.

D. All of the above

A. All sum due to employee from a provident fund, pension fund, gratuity fund or any other fund maintain for welfare of employee.

B. Compensation under workmen’s compensation act.

C. Amount due under employees state insurance act for 12 months previous to the winding up

D. Amount due to employee under amalgamation or reconstruction

A. Two months

B. Three months

C. Four months

D. Nine months

A. If shares are fully paid up

B. For liabilities after they are ceases to be member of the company.

C. If present shareholders paid the unpaid amount of the shares transferred by them.

D. All of the above

A. All sum due to employee from a provident fund, pension fund, gratuity fund or any other fund maintain for welfare of employee.

B. Compensation under workmen’s compensation act.

C. Amount due under employee’s state insurance act for 12 months previous to the winding up

D. Amount due to employee under amalgamation or reconstruction