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LIQUIDATION

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

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by MikeLittle.
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  • July 10, 2022 at 6:28 pm #660246
    Eunice03
    Participant
    • Topics: 88
    • Replies: 70
    • ☆☆

    32.5 Which of the following CANNOT petition for the compulsory liquidation of a company on the grounds of
    insolvency under s 122 Insolvency Act 1986?
    ? The board of directors
    ? The members of the company
    ? The company’s creditors
    ? The Secretary of State

    ANS- The members of the company

    Good day sir, Please can you explain why the members of the company cannot petition for a compulsory liquidation on the grounds of insolvency

    July 10, 2022 at 7:41 pm #660251
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    Just answered that!

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