Liquidator Disqualification

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

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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: Liquidator Disqualification

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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.

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: Liquidator Disqualification

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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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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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