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 Topics :
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
Related Topics :
CAclubindia
