A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

CORPORATIONS ACT 2001

CHAPTER 2D - OFFICERS AND EMPLOYEES  

PART 2D.6 - DISQUALIFICATION FROM MANAGING CORPORATIONS  

SECTION 206G  COURT POWER TO GRANT LEAVE  

206G(1)  [Application for leave]  


A person who is disqualified from managing corporations may apply to the Court for leave to manage:


(a) corporations; or


(b) a particular class of corporations; or


(c) a particular corporation;

if the person was not disqualified by ASIC.

206G(2)  [Time limit]  


The person must lodge a notice with ASIC at least 21 days before commencing the proceedings. The notice must be in the prescribed form.

206G(3)  [Order may be conditional]  


The order granting leave may be expressed to be subject to exceptions and conditions determined by the Court.

Note: If the Court grants the person leave to manage the corporation, the person may be appointed as a director (see section 201B) or secretary (see section 204B) of a company.

206G(4)  [Lodgment with ASIC]  


The person must lodge with ASIC a copy of any order granting leave within 14 days after the order is made.

206G(5)  [Revocation of leave]  


On application by ASIC, the Court may revoke the leave. The order revoking leave does not take effect until it is served on the person.

 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page