In case of a liquidation of a public limited liability company, those that are first…

In case of a liquidation of a public limited liability company, those that are first paid are

  • A.
    ordinary shareholders
  • B.
    prefernce shareholders
  • C.
    cumulative preference shareholders
  • D.
    debenture holders
Correct Answer: Option D
Explanation

Debenture–holders are the subscribers to debentures. Debentures are part of loan. A shareholder or member is the joint owner of a company; but a debenture holder is only a creditor of the company. In the event of liquidation, they are paid first before any other class of lenders.

You May Also Like

If cos (theta) = x and sin 60o = x + 0.5 0o If cos (theta) = x and sin 60o = x + 0.5 0oo, find, correct to the nearest degree, the value of (theta) A. 32o B. 40o C. 60o D. 69o Correct Answer: Option D Explanation sin 60o = x + 0.5 0o(given) 0.8660 = x + 0.5 0.8660 – 0.5 = x x = 0.3660 cos(theta) = x(given) cos(theta) = 0.3660 Hence, (theta) = cos-1(0.3660) = 68.53o = 69o (nearest degree) `, props: [‘comment’], data() { return {} }, methods: {} }) {{ reply.posted_by.display_name }}:   {{ reply.created_at }}

If cos (theta) = x and sin 60o = x + 0.5 0oo, find, correct to the nearest…
Read More