11. Preference shareholders are legally entitled to the repayment of capital in the event of liquidation of the company.
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12. The …………..has a legal right of forfeiting the shares of those who fail to pay the amount due.
13. ………………….on shares have priority over payment of paid up share capital of that class.
14. All revenue, taxes due to government within ………..before the date of
commencement of winding up is preferential.
15. Salaries due to director, manager, secretary etc. are preferential.
16. Amount due to workman is rank with ……………….in the event of liquidation of the company.
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17. ………………… means any person employed in any skilled or unskilled, manual, supervisory (wages less than 1600 p.m.), technical work.
18. A company being a creation of law cannot die a natural death. It comes to an end by law through the process of liquidation
19. If a company makes a default in delivering the to the registrar or n holding the statutory meeting, then company is compulsorily wound up by the court.
20. Creditors voluntary winding up applies to ………………. Companies
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