Question: Please answer these questions. 1. What are the statutory provision that deal with the concept that when a liquidator can take or refuse a liquidation?
Please answer these questions.
1. What are the statutory provision that deal with the concept that when a liquidator can take or refuse a liquidation?
2. What are the statutory order of which the debts and other obligations are paid?
3. If you trade/transfer the assets into a new company knowing the company will go into liquidation. What type of transaction do you make?
4. When a sole trader business wants to be a company, and the owner decides to appoint himself as a director. What issues does it have?
5. If u want to open a company and retain the control, how many directors should u have to remain in control? S136 OF CORPORATIONS ACT.
6. Directors moved assets. What role of liquidator can they claim back?
7. Someone set up a company, previously run as sole operation. He wants to know if they can appoint a certain individual as office manager, is it appropriate if they can appoint family members. If it's put into liquidation, discuss how that person can control the company. How the company can distribute the various shares. Talk about preference shares, redeemable shares issues. What can happen to their personal assets are directors
8. Development of a product, individual is a purchase manager. They effectively signed a contract, but are only authorised under a limit. They went beyond. Issue is if the signature is valid. Are they bound? Under what authority directors/officers. The 3rd party is entitled to make an assumption.
https://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/
Please include all the relevant Corporation Act from this link to all the questions.
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