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Problem:
Upon what grounds can the ASIC apply to the Courts to have a person banned from being a director and from managing a company? In answering this question, students you may refer to recent cases of banning orders against certain prominent individuals.
Additional Information:
This question is belongs to the Law and it explains the circumstances wherein ASIC can apply to courts for banning person from becoming the director of company. Recent example has been employed in this regard.
Total Word Limit: 39 Words
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