Voluntary Liquidation Process

What value of creditors is required to approve the resolution passed under sub clause (c) of sec 59(3) of IBC,2016  ?

•  1/2

•  3/4

•  2/3

•  1/4

Status report in terms of regulation 37 of insolvency and bankruptcy board of india  regulation, 2017 contains which of the following?

• Name of co.

• Date of commencement of liquidation

• Date to which this statement is brought down.

• All of the above.

Under which regulation the liquidator shall prepare a list of stakeholders?

• 30

• 29

• 17

• 18

Under which section resolution for appointment of liquidator is passed?

• Section 59 subsection 1

• Section 59 subsection 3 clause c

• Section 35

• Section 53

By when shall liquidator submit the Preliminary Report to corporate persons?

• 30 days

• 45 days

• 15days

• 60days

The liquidator shall submit the final report and compliance certificate to the adjudicating authority in which form? 

• Form G

• Form H

•  Form B

• None of the above

Which of the following are the power of liquidator?

• Sell the assets of the corporate debtor in a manner specified.

• Verify claims of creditors and admit or reject them accordingly.

• Take custody and control of the assets over which the corporate debtor has ownership rights.

• All of the above

Insolvency professional is eligible to be liquidator if?

• Eligible to be indipended director as per section 149 of companies act 2013

• Not a related party of corporate person 

• has not been an employee or proprietor or a partner of of a firm of auditors or secretarial auditors or cost auditors of the corporate person

• All of the above

Under which form, shall liquidator make a public announcement?

• Form C

• Form D

• Form A

• Form B

Within how many years from the date of dissolution the tribunal may declare the dissolution of a company void?

• 2 years

• 3 years

• 1 year

• 5 years