Winding Up of a Company Quiz

Winding up of a company means:

• Starting a new business

• Closing the company operations and distributing its assets

• Merging with another company

• Listing on the stock exchange

The process of winding up results in:

• Expansion of business

• Formation of a new company

• Dissolution of the company

• Suspension of employees

Who carries out the process of winding up?

• Company secretary

• Registrar

• Liquidator

• Promoter

Winding up can be initiated:

• Only by shareholders

• Only by creditors

• Through various modes

• Only by court order

Which of the following is not a mode of winding up?

• Compulsory winding up

• Voluntary winding up

• Tribunal-ordered winding up

• Delisting winding up

Winding up by Tribunal is known as:

• Compulsory winding up

• Voluntary winding up

• Simplified winding up

• Informal closure

A company may opt for voluntary winding up when:

• It is compelled by the tribunal

• It wants to merge

• It passes a special resolution

• It gets listed

Which of the following can file a petition for compulsory winding up?

• Company itself

• Registrar of Companies

• Creditors

• All of the above

Statement of Affairs is prepared:

• Before company registration

• Before IPO

• During winding up

• After audit

The Statement of Affairs is filed with:

• SEBI

• ROC

• Liquidator or Tribunal

• Income Tax Department