CORPORATIONS – winding up – application by ASIC for the winding up of a company on the just and equitable ground, together with a direction that the liquidator wind up a registered managed investment scheme and underlying unregistered funds – where the company accepted that the company and the funds should be wound down – where the company put forward a “wind down plan” as an alternative to winding up – held: order made to wind up the company CORPORATIONS – application by ASIC for the appointment of a receiver to the property of the second defendant, a director of a company, pursuant to s 1323 of the Corporations Act 2001 (Cth) – where the application was not opposed – held: order made for the appointment of receiver
Related cases – s461(k) Corporations Act 2001
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Australian Securities and Investments Commission v Noumi Limited (No 4) [2024] FCA 1192
CORPORATIONS – continuous disclosure regime for entities listed on the Australian Stock Exchange – civil penalty – where first defendant in business of manufacturing and selling food products – where valueless inventory not written off – where revenue included invoices for unfulfilled purchase orders liable to cancellation – where declarations and pecuniary penalty made against…
