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Compulsory Winding-up

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Compulsory Winding-up

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • April 16, 2016 at 1:58 pm #310359
    ruqayyah
    Member
    • Topics: 12
    • Replies: 21
    • ☆

    Question:

    Which of the following is NOT an automatic consequence of a compulsory winding-up order against a public limited company?

    (A) Liquidation is deemed to start on the date of the issuing of the order.
    (B) Employees are immediately dismissed.

    Dear Sir,
    This is a past exam question of the F4 December 2014 exam. For the above question, I chose answer (B) but the suggested answer in the exam kit is answer (A). Can you please confirm whether the answer is (A).

    April 16, 2016 at 8:04 pm #310395
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    I would have selected option A too – liquidation is deemed to commence with effect from the date of the petition to the Court

    I am aware that there are some errors in the exam kit of certainly one of the approved publishers

    April 16, 2016 at 8:35 pm #310398
    ruqayyah
    Member
    • Topics: 12
    • Replies: 21
    • ☆

    Thank you 🙂

    April 17, 2016 at 6:59 am #310408
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    You’re welcome

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    Posts
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