xx年12月ACCA考试《公司法与商法》预测题及答案

《xx年12月ACCA考试《公司法与商法》预测题及答案》由会员上传分享，免费在线阅读，更多相关内容在应用文档-天天文库。

1、xx年12月ACCA考试《公司法与商法》预测题及答案　　　　Question:　　　　Inrelationtopanylaw:　　　　(a)explainthemeaningofandproceduresinvolvedinvoluntaryliquidation;and　　　　(b)explainanddistinguishbetween;　　　　(i)amembers'voluntaryliquidation;　　　　(ii)acreditors'voluntaryliquidation.　　　　Answer:　　　　(

2、a)Thisquestionrequirescandidatestoexplainthemeaningandproceduresinvolvedinthecourseofavoluntaryliquidationinpanylaw.Oneofthemanyconsequencesofincorporationisthataregisteredpanybeesalegalentityinitsownrighthavingexistenceapartfromitsmembershareholders.Oneoftheattrib

3、utesofthislegalpersonalityisthatthepanyhasnotonlyseparatebutalsoperpetualexistenceinthatitcontinuesirrespectiveofchangesinitsmembership.Indeedthepanycancontinuetoexistwhereithasnomembersatall.Windinguporliquidationistheprocesswherebythelifeofthepanyisbroughttoanend

4、anditsassetsrealisedanddistributedtoitsmembersand/orcreditors.TherulesgoverningwindinguparedetailedintheprovisionsoftheInsolvencyAct(IA)1986andtheexactnatureoftheproceduredependsonthetypeofwindingupinvolvedanddependsuponthesolvencyofthepanyatthetimewhenliquidationm

5、ences.Windingupcanbeconductedonavoluntarybasisinwhichcasethemembersofthepanythemselvesdeterminethatthetimehaseforittoetoanendoralternativelythecourtmaymakeanorderthatthepany‘slifeshouldetoanend.Thisquestionreferstothefirstofthesealternativesvoluntarywindingup.　　　　S

6、ection84IAstatesthatapanymaybewoundupvoluntarily:　　　　(i)whenanyperiodfixedforthedurationofthepanybythearticlesexpiresoranyeventoccurswhichshallaccordingtothearticlesleadtoitsdissolution.Undersuchcircumstancesthewindinguphastobeapprovedbyanordinaryresolution.　　　　(ii

7、)foranyotherreasonwhatsoever.Underthesecircumstancesaspecialresolutionisrequiredtoapprovethewindingup.　　　　Thisistheprocedurethememberswouldfollowifthepanyisinsolvent.　　　　Inanycasethewindingupisdeemedtohavestartedonthedatethattheappropriateresolutionwaspassed.　　　　(b

8、)(i)Amembers‘voluntaryliquidationtakesplacewhenthedirectorsofthepanyareoftheopinionthatthepanyissolventandiscapableofpayingoffitscreditors.Thedir