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Q. Suggested actions for addressing phoenix activity?
The following actions are suggested for addressing phoenix activity. Those that have been suggested are the actions that:
- received significant support in stakeholder consultation
- are proportional to the identified scale of the problem of phoenix activity
- on the information available, are most likely to be effective in addressing phoenix activity.
Separate meetings of each group - mergers and winding up: The first ground of objection was valid, ie. if within a single class of shareholders there are groups whose inte
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Indicators of phoenix activity Stakeholders noted that there are a range of 'signals' or 'indicators' that phoenix activity may be about to occur. These generally occur before t
PENALTY FOR IMPROPER APPOINTMENT: S.161 (4) provides that if any unqualified person is appointed as auditor, the person appointed, the company and every officer i
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