ASIC roundup: Banned directors, scam alert, and disclosure failures

The Australian Securities & Investments Commission’s latest actions and news, April 29 – May 3, 2024.

Directors disqualified from managing businesses – 2024

During the first three months of 2024, ASIC disqualified four directors from managing corporations over failures regarding the management of small proprietary companies. The banned directors were found to have left many creditors unpaid, some were also involved in illegal phoenix activity and also used company

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