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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.4A - WINDING UP BY THE COURT ON OTHER GROUNDS  

SECTION 464  APPLICATION FOR WINDING UP IN CONNECTION WITH INVESTIGATION UNDER ASIC ACT  

464(1)  [When ASIC may apply]  


Where ASIC is investigating, or has investigated, under Division 1 of Part 3 of the ASIC Act:


(a) matters being, or connected with, affairs of a company; or


(b) matters including such matters;

ASIC may apply to the Court for the winding up of the company.

464(2)  [Application of Act]  


For the purposes of an application under subsection (1), this Act applies, with such modifications as the circumstances require, as if a winding up application had been made by the company.

464(3)  [Duty to give copy of application to company]  


ASIC must give a copy of an application made under subsection (1) to the company.

 



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