In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the?
-
directors
- creditors
- promoters
- court
The correct answer is: A
Explanation
What is a Liquidator? A liquidator or an official receiver manages the entire liquidation process. He or she is appointed when a company goes into liquidation or is wound up by the Court in a compulsory liquidation process, which is brought about by a disgruntled creditor. In a voluntary liquidation, the board of directors appoint a liquidator