Corporate Insolvency – NBC Institute

BL – Nov 2023 – L1 – SB – Q4d – Company Law

Lists four categories of persons who may petition the court to wind up a company.

Question

Winding up is a formal way of terminating the life of a company.

Required:
State FOUR categories of persons that may petition the court to wind up a company. (4 Marks)

Answer

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Tags: Company Law, Corporate Insolvency, Petition, Winding-up
Level: Level 1

Topic: Company Law
Series: NOV 2023

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

Question

The Companies and Allied Matters Act makes copious provisions for corporate insolvency in Nigeria.
Required:
State THREE tests of corporate insolvency in Nigeria.

(6 Marks)

Answer

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Tags: CAMA, Corporate Insolvency, Financial Insolvency, Legal Tests
Level: Level 1

Topic: Contract Law
Series: MAY 2024

BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis

State the procedures to convert a private liquidation into an official liquidation.

Question

State THREE (3) procedures to adopt in converting private liquidation to official liquidation. (6 marks)

Answer

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Tags: Company Law, Corporate Insolvency, Liquidation, Official Liquidation
Level: Level 1

Topic: Legal implications relating to companies in difficulty or in crisis
Series: NOV 2018

BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

Question

Identify FIVE (5) situations in which a company can be ordered by court to wind up. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Insolvency, Court Order, Liquidation, Winding-up
Level: Level 1

Topic: Contract Law
Series: NOV 2018

BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis

Discuss conditions that disqualify a person from being a liquidator and explain the powers that can be exercised by a liquidator.

Question

Certain classes of persons are prohibited by the Companies Act, 2019 (Act 992) from acting as liquidators.

Required:
i) State FOUR (4) conditions that prohibit a person from being appointed as a liquidator. (4 marks)
ii) Explain FOUR (4) powers that can be exercised by a liquidator. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Insolvency, Liquidation, Liquidator Disqualification, Liquidator Powers
Level: Level 1

Topic: Legal implications relating to companies in difficulty or in crisis
Series: DEC 2022

BL – Nov 2023 – L1 – SB – Q4d – Company Law

Lists four categories of persons who may petition the court to wind up a company.

Question

Winding up is a formal way of terminating the life of a company.

Required:
State FOUR categories of persons that may petition the court to wind up a company. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Insolvency, Petition, Winding-up
Level: Level 1

Topic: Company Law
Series: NOV 2023

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

Question

The Companies and Allied Matters Act makes copious provisions for corporate insolvency in Nigeria.
Required:
State THREE tests of corporate insolvency in Nigeria.

(6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: CAMA, Corporate Insolvency, Financial Insolvency, Legal Tests
Level: Level 1

Topic: Contract Law
Series: MAY 2024

BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis

State the procedures to convert a private liquidation into an official liquidation.

Question

State THREE (3) procedures to adopt in converting private liquidation to official liquidation. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Insolvency, Liquidation, Official Liquidation
Level: Level 1

Topic: Legal implications relating to companies in difficulty or in crisis
Series: NOV 2018

BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

Question

Identify FIVE (5) situations in which a company can be ordered by court to wind up. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Insolvency, Court Order, Liquidation, Winding-up
Level: Level 1

Topic: Contract Law
Series: NOV 2018

BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis

Discuss conditions that disqualify a person from being a liquidator and explain the powers that can be exercised by a liquidator.

Question

Certain classes of persons are prohibited by the Companies Act, 2019 (Act 992) from acting as liquidators.

Required:
i) State FOUR (4) conditions that prohibit a person from being appointed as a liquidator. (4 marks)
ii) Explain FOUR (4) powers that can be exercised by a liquidator. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Corporate Insolvency, Liquidation, Liquidator Disqualification, Liquidator Powers
Level: Level 1

Topic: Legal implications relating to companies in difficulty or in crisis
Series: DEC 2022

Question Tag: Corporate Insolvency

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BL – Nov 2023 – L1 – SB – Q4d – Company Law

Lists four categories of persons who may petition the court to wind up a company.

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis

State the procedures to convert a private liquidation into an official liquidation.

BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis

Discuss conditions that disqualify a person from being a liquidator and explain the powers that can be exercised by a liquidator.

BL – Nov 2023 – L1 – SB – Q4d – Company Law

Lists four categories of persons who may petition the court to wind up a company.

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis

State the procedures to convert a private liquidation into an official liquidation.

BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis

Discuss conditions that disqualify a person from being a liquidator and explain the powers that can be exercised by a liquidator.

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Question Tag: Corporate Insolvency

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BL – Nov 2023 – L1 – SB – Q4d – Company Law

Lists four categories of persons who may petition the court to wind up a company.

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BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

You're reporting an error for "BL – May 2024 – L1 – SB – Q2a – Company Law"

BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis

State the procedures to convert a private liquidation into an official liquidation.

You're reporting an error for "BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis"

BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

You're reporting an error for "BCL – Nov 2018 – L1 – Q3c – Company Law"

BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis

Discuss conditions that disqualify a person from being a liquidator and explain the powers that can be exercised by a liquidator.

You're reporting an error for "BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis"

BL – Nov 2023 – L1 – SB – Q4d – Company Law

Lists four categories of persons who may petition the court to wind up a company.

You're reporting an error for "BL – Nov 2023 – L1 – SB – Q4d – Company Law"

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

You're reporting an error for "BL – May 2024 – L1 – SB – Q2a – Company Law"

BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis

State the procedures to convert a private liquidation into an official liquidation.

You're reporting an error for "BCL – Nov 2018 – L1 – Q7a – Legal Implications Relating to Companies in Difficulty or in Crisis"

BCL – Nov 2018 – L1 – Q3c – Company Law

Identify five situations in which a court can order a company to be wound up.

You're reporting an error for "BCL – Nov 2018 – L1 – Q3c – Company Law"

BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis

Discuss conditions that disqualify a person from being a liquidator and explain the powers that can be exercised by a liquidator.

You're reporting an error for "BCL – Dec2022 – Q5b – Legal implications relating to companies in difficulty or in crisis"

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