Under a Voluntary Winding Up, a Liquidator Cannot

question 19

Multiple Choice

Under a voluntary winding up, a liquidator cannot:

• A) exercise the power of the court of fixing a time when debts and claims must be proved.
• B) exercise any power the Corporation Act confers on a liquidator in a winding up by the court.
• C) make concessions on any debts except as under s. 477(2A) of the Corporation Act.
• D) convene a general meeting of the company to obtain agreement for matters as the liquidator thinks fit.

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Definitions:

Capital Investment Analysis

The process of assessing the profitability and risk of potential investment opportunities in capital assets.

Cash Payback Period

The time it takes for an investment to generate an amount of cash equal to the initial investment cost.

Negligible Residual Value

A term used to describe an asset's end-of-life value that is considered to be insignificantly small or practically zero.

Cash Payback Period

The cash payback period is the duration of time it takes for an investment to generate enough cash flow to recover its original cost.