A liquidator is required to give written notice to the commissioner within ___ days of being appointed.

A. 14

B. 15

C. 30

D. 60

Detail of Mcqs:

Section 49A. Liquidators Sub Section (1): Every person (hereinafter referred to as a “liquidator”) who is:

(a) a liquidator of a company;

(b) a receiver appointed by a Court or appointed out of Court;

(c) a trustee for a bankrupt; or

(d) a mortgagee in possession,

shall, within fourteen days of being appointed or taking possession of an asset in Pakistan, whichever occurs first, give written notice thereof to the Collector.