I am confused plez help.
If at the time of liquidation of company list B contributories pay for deficiency in place of list A contributories.
Then in that case who is eligible for refund from the company List A or List B contributory.
Menu
Liquidation of company query
Replies (1)
abhinav,
the very reason that the b list contributories are eing called upon to pay the uncalled amount is because the a list cont arent able to pay the same....
you will observe in a problem tyhat the liquidator deosnt call and refund to the same class of shares...its either a call which he makes...in case of making a call from contributories at first the A list is asked to pay,..in case of failure of them to pay the B list is asked to pay the amount of calls..
In case it is just a refund that the liquidator is supposed to make then the refund will be made to the current shareholder itself( or as we can cal him a A list contributory)...
hope that helped..
Recent Threads
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
Related Threads
CAclubindia
