At the time of winding up, shareholders of the company are known as _______.
At the time of winding up of a company, its shareholders (both past and present members, including holders of fully paid-up shares) are legally termed as 'Contributories'…
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At the time of winding up, shareholders of the company are known as _______.
Answer and explanation
Correct answer B
At the time of winding up of a company, its shareholders (both past and present members, including holders of fully paid-up shares) are legally termed as 'Contributories' under Section 2(26) of the Companies Act, 2013.
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