GROUNDS FOR ISSUING A SUPERVISION ORDER


GROUNDS FOR ISSUING A SUPERVISION ORDER


The grounds on which an. order for supervision is made are summarized as follows:

  • If the rules of winding up are not completely followed.
  • If the liquidator acts in a partial manner. 
  • If the winding up resolution is obtained by fraud. 
  • If the liquidator disregards to dispose of the assets of the company. 

Short Note

  • a. Statement in lieu of prospectus 
  • b. Share Certificate
  • c. Share Warrant 
  • d. Common Seal
  • e. Dividend
  • f. Minimum Subscription
  • g. Transmission of share
  • h. Underwriting

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