If the ASX suspects the listing rules have been breached, continual non compliance, they will refer the matter to ASIC, who will then investigate.
Securities are suspended, the matter is investigated by ASIC using section 674 of the Corp act as a guide.
Penalties associated with this section apply to individual directors and company secs.
Hope that helps.
- Forums
- ASX - By Stock
- FAS
- Ann: Response to ASX Query
Ann: Response to ASX Query , page-4
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)