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Answer Introduction The Australian Securities and Investments Commission (ASIC) is an independent Australia government body which was formed on 1st July 1998. This body acts as Australia’s corporate regulator which focuses on governing the corporations operating in the country. The role of this authority is to enforce and regulate company and financial services laws across Australia. This authority focuses on protecting Austra...Read More
Answer Issue In the given case, two people being the directors of the company have done certain acts. The issue of the case is to check whether these two have breached their duties as directors. If yes, what are the consequences of such a breach? Rules A company is an artificial person that can do all the business transactions and can enter into a contract with third parties similar to a natural person, but the same cannot think similar to ...Read More
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