1) A company can be wound up.

(A) Voluntarily by members.
(B) By the order of the Tribunal.
(C) By Voluntary winding up by creditors.
(D) By all the above methods.

2) Compulsory winding up means winding up.

(A) By the Tribunal. 
(B) By the members.
(C) By the Creditors. 
(D) All of them.

3) A company may be wound up by the Tribunal if.

(A) The company passes an ordinary resolution to this effect.
(B) The company does not commence its business within 6 months of its incorporation.
(C) Number of members reduced below 7 in the case of a private company.
(D) Company is unable to pay its debts.

4) As per Sec 439, who can file a petition to the tribunal for winding up?

(A) The registrar. 
(B) Company.
(C) Contributory. 
(D) Any one of these.

5) As per Sec.444 when the Tribunal makes an order for the winding up it should be communicated within two weeks to.

(A) Official liquidator. 
(B) Company.
(C) Central Government. 
(D) National Company Law Board.

6) Official liquidators are appointed from a panel of.

(A) Professional firms of chartered accountants.
(B) Advocates.
(C) Company Secretaries.
(D) All.

7) Tribunal may appoint the official liquidator to be the liquidator provisionally at any time.

(A) After the presentation of petition for winding up.
(B) After making the winding up order.
(C) After dissolution.
(D) Before the statutory meeting.

8) The official liquidator after receipt of statement of affairs of the company must submit a preliminary report to the Tribunal not later than ……………. of the order.

(A) 6 month. 
(B) one year. 
(C) two weeks. 
(D) one month.

9) On a winding up order being made, the company’s property comes under the custody of.

(A) Liquidator. 
(B) Tribunal.
(C) Central Government. 
(D) Share holders.

10) As per Sec.457, the statutory powers of the liquidator can be exercised.

(A) With the sanction of Tribunal.
(B) Without the sanction of the Tribunal.
(C) Some with and some without such sanction.
(D) With the sanction of the Central Government.