Hi Sir,
Hope you are doing well, I was attending the Q 110 in BPP Kit named Lazy Days, It asked 3 questions, 1)The purpose and Effect of Administration 2)The procedure to appoint Administrator 3) The decision of court for lazy days corporation.
While I successfully answered correctly of part 1 and 3 but in Part 2 I answered that:
* Procedure to appoint administrator is stated in the articles of company's constitution
* The statutory requirements like Qualified insolvency practitioner must be fulfilled
* The notice to appoint an administrator to court
* The statement of Administrator's consent to the court
* The statement in which administrator explains why it is likely the administration could succeed
I think These points are relevant and written as question asked but in BPP the answer is totally opposite, Except the first point, It gave out points which looks like reasons to appoint administrator not the procedure to be followed like a company can only appoint administrator if:
*It is not in liquadation
*If it is unable to pay its debts or Moratarium of company debts
"No administrator or receiver is appointed
Which answer do you think is correct and sensible? I am very confused at BPP kit answers............
Hope you are doing well, I was attending the Q 110 in BPP Kit named Lazy Days, It asked 3 questions, 1)The purpose and Effect of Administration 2)The procedure to appoint Administrator 3) The decision of court for lazy days corporation.
While I successfully answered correctly of part 1 and 3 but in Part 2 I answered that:
* Procedure to appoint administrator is stated in the articles of company's constitution
* The statutory requirements like Qualified insolvency practitioner must be fulfilled
* The notice to appoint an administrator to court
* The statement of Administrator's consent to the court
* The statement in which administrator explains why it is likely the administration could succeed
I think These points are relevant and written as question asked but in BPP the answer is totally opposite, Except the first point, It gave out points which looks like reasons to appoint administrator not the procedure to be followed like a company can only appoint administrator if:
*It is not in liquadation
*If it is unable to pay its debts or Moratarium of company debts
"No administrator or receiver is appointed
Which answer do you think is correct and sensible? I am very confused at BPP kit answers............
