A voluntary winding-up is deemed to commence from the date when the declaration of solvency is made by the

The correct answer is C. Board of Directors.

A voluntary winding-up is a type of liquidation that is initiated by the company’s directors. The directors must make a declaration of solvency, which is a statement that the company is able to pay its debts in full within the next 12 months. Once the declaration of solvency is made, the winding-up is deemed to commence.

The manager, a court of competent jurisdiction, and the Central Government are not involved in the declaration of solvency. The manager is the person who is responsible for the day-to-day running of the company. The court of competent jurisdiction is a court that has the power to wind up a company. The Central Government is the government of a country.

Here is a brief explanation of each option:

• Option A: The manager is not involved in the declaration of solvency. The manager is the person who is responsible for the day-to-day running of the company. The declaration of solvency is made by the Board of Directors.
• Option B: A court of competent jurisdiction is a court that has the power to wind up a company. However, the court is not involved in the declaration of solvency. The declaration of solvency is made by the Board of Directors.
• Option C: The Board of Directors is the body of people who are responsible
  Join Our Telegram Channel
  132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube