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CMA Final · Corporate and Economic Laws · Accounts and Audit

Once the accounts of a company in liquidation have been audited, how must the two copies be dealt with by the Company Liquidator?

One copy of the audited accounts is filed by the Company Liquidator with the Tribunal and the other is delivered to the Registrar. The Registrar's copy is open to inspection by any creditor, contributory or other person interested in the liquidation.

  1. ABoth copies are filed with the Tribunal
  2. BOne copy is filed with the Tribunal and the other is delivered to the Registrar, where it is open to inspection by any creditor, contributory or person interestedCorrect
  3. COne copy is filed with the Registrar and the other is sent to the Central Government in every case
  4. DOne copy is kept by the liquidator and the other is filed with the Tribunal

Explanation

The audited accounts are in duplicate: one copy goes to the Tribunal and the other to the Registrar, who keeps it open to inspection by creditors, contributories or interested persons. Sending to the Central Government is required only for Government companies and only where the Government is a member.

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