- 1 Marks
BL – May 2023 – L1 – SA – Q15 – Company Law
Identify the effect of a receivership order on company operations.
Question
Which of the following is an effect of a receivership order?
A. Powers of the company directors cease
B. The Company Secretary becomes the Receiver Manager
C. The shareholders take over the company’s assets
D. The official receiver locks up the company
E. The debtors are imprisoned
Find Related Questions by Tags, levels, etc.
- Tags: Business operations, Company Law, Legal Effects, Receivership
- Level: Level 1
- Topic: Company Law
- Series: MAY 2023
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