fraudulent trading

the criminal offence of carrying on ofbusiness by a company for a fraudulent purpose or in defraud of creditors.

If in the course of the winding up of a company it appears that a company as been so trading, the court, on the application of the liquidator, may declare that any persons who were knowingly party to such trading are to be liable to make such contributions to the company's assets as the court may think proper. There is no limit to the possible fine and provision is made for imprisonment for up to 7 years.

单词	fraudulent trading
释义	fraudulent trading fraudulent trading the criminal offence of carrying on ofbusiness by a company for a fraudulent purpose or in defraud of creditors. If in the course of the winding up of a company it appears that a company as been so trading, the court, on the application of the liquidator, may declare that any persons who were knowingly party to such trading are to be liable to make such contributions to the company's assets as the court may think proper. There is no limit to the possible fine and provision is made for imprisonment for up to 7 years.
随便看	impact factors impact fees impact financial network, inc. impact force impact forging impact foundation sri lanka impactful impact fuse impact grinding impact history cluster width impact ice impact ii impact & implementation impact impulse impact index impacting impact insulation impact insulation class impact international school of ministry impaction impaction colic impact ionisation impact ionization impact ionization avalanche transit time impact-ionized hot-electron injection