TL;DRAbstract
A striking feature of the Companies Act, 2008, is the requirement that the board of directors apply a solvency and liquidity test at prescribed times, such as when the company makes a distribution.
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A striking feature of the Companies Act, 2008, is the requirement that the board of directors apply a solvency and liquidity test at prescribed times, such as when the company makes a distribution.
Keywords
SolvencyBusinessLawAccountingPersonal propertyActuarial scienceMarket liquidityProperty (philosophy)
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