Where application is made to the court for confirmation of a reduction in capital, the court may require that creditors should be invited by advertisement to state their objections. In which of the following ways can the need to advertise be avoided? Select all that apply.
A、Paying off all creditors before application to the court
B、Producing a document signed by the directors stating the company's ability to pay its debts
C、Producing a guarantee from the company's bank that its existing debts will be paid in full
D、Renouncement by existing shareholders of their limited liability in relation to existing debts
A、Paying off all creditors before application to the court
B、Producing a document signed by the directors stating the company's ability to pay its debts
C、Producing a guarantee from the company's bank that its existing debts will be paid in full
D、Renouncement by existing shareholders of their limited liability in relation to existing debts
【参考答案及解析】
The only guarantee that the courts will accept is from the company's bank.
The only guarantee that the courts will accept is from the company's bank.