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Unit 9: Fundamentals of Liquidation of Companies

answers: self assessment notes

1. Liquidation 2. Assets
3. Three 4. Partly Secured

5. List ‘H’ 6. One Year
7. Contributory 8. True
9. True 10. False
11. Statement of Affairs 12. Company

13. (b) Section 428 of the Companies Act, 1956 14. (c) Shareholders
15. (b) Unsecured creditors who have priority of claims over other unsecured creditors

9.9 further readings

Books B. B. Dam and H. C. Gautam, Corporate Accounting, Capital Publishing.
Das. K. R. and others, Corporate Accounting, LBS Publication.

Sehgal, A and Sehgal, D, Advanced Accounting & Corporate Accounting, Taxman
Publishers.

Online links http://220.227.161.86/19018comp_sugans_pe2_accounting_cp9_5.pdf
http://www.scribd.com/doc/8283996/Lecture-Notes-on-Liquidation
http://www.kkhsou.in/main/evidya2/commerce/liquidation_companies.html
http://www.companyliquidator.gov.in/12/liquidation_pro_data.htm#p_338

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