General Studies · Insolvency and Administration
A company has defaulted on a floating charge, and administration proceedings have been initiated via a court order. Which of the following actions is the qualifying floating charge-holder legally entitled to take?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Enter company premises to claim ownership of specific assets charged to them
- 2Obtain immediate absolute title to all corporate assets automatically
- 3Seize all assets of the company directly without further process
- 4Appoint an administrator to manage the company's affairs✓
Correct answer
Appoint an administrator to manage the company's affairs
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Insolvency and Administration MCQs →Want more practice questions on Insolvency and Administration?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Insolvency and Administration