Under Section 327(1)(b) of the Companies Act, 2013, on the winding up of a company, preferential…
Under Section 327(1)(b) of the Companies Act, 2013 (formerly Section 530(1)(b) and (2) of the Companies Act, 1956), on the winding up of a company, preferential payment in…
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Under Section 327(1)(b) of the Companies Act, 2013, on the winding up of a company, preferential payment in respect of wages or salary due to an employee (within the twelve months before the relevant date) is restricted to a period not exceeding:
Answer and explanation
Correct answer B
Under Section 327(1)(b) of the Companies Act, 2013 (formerly Section 530(1)(b) and (2) of the Companies Act, 1956), on the winding up of a company, preferential payment in respect of wages or salary due to any employee for services rendered to the company within the twelve months immediately before the relevant date is restricted to a period not exceeding "4 months".
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Rajasthan SET (RSET)