when it becomes necessary to liquidate a company, the first step to be taken is the appointment of a?
-
A.
a receiver -
B.
an auditor -
C.
an account -
D.
a liquidator
Correct Answer: Option D
Explanation
In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution.