• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

Liquidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Liquidation

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Vijay.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • March 14, 2021 at 2:55 pm #614417
    Faizahmad1009
    • Topics: 33
    • Replies: 20
    • ☆☆

    Sir, Vijay

    Can you please explain the two types of voluntary liquidation?
    Can you please also explain compulsory liquidation?

    March 20, 2021 at 9:33 pm #614851
    Vijay
    • Topics: 0
    • Replies: 258
    • ☆☆☆

    Hi

    Compulsory Liquidation is when the Court makes an order to wind up the company. So there is a court hearing and a court order.

    Voluntary Liquidation is when the shareholders pass a special resolution to wind up the company not the court!

    2 Types of Voluntary- MVL and CVL

    MVL – the company is solvent
    CVL the company is insolvent.

    Does this help clarify?

    Kind regards,

    Vijay

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • Ken Garrett on The nature and structure of organisations – ACCA Paper BT
  • nojwwnolife on The nature and structure of organisations – ACCA Paper BT
  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • ben920331 on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy