[janeseow]

Yes that’s much better.

Thank you very much for your explanations, Mike 🙂

[janeseow]

Is it correct to say that:

Directors will instigate a voluntary liquidation because they are in the best place to know the financial position, but in order to do so they need approval (resolutions) from the members. That’s why members are the ones that commence it?

[janeseow]

It’s a question from real ACCA exam, so I’m not sure about the answer too.

Anyways thank you!

[janeseow]

The question asked for exempt rather than taxable (the latest version of BPP revision kit). They probably made a mistake in the question/ answer. Thank you for your clarification!

[janeseow]

Thank you!

[Author]

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