Voluntary Administration is a mechanism for companies in financial distress to obtain some breathing space from its creditors.
The procedure comes from Part 5.3A of the Corporations Act 2001. The purpose of this Act is to allow the company to avoid liquidation and to have the company administered in such a way that maximizes the chances of the company and its business continuing; or if it can't continue, to allow a better return for the company's creditors and shareholders than would result from the liquidation of the company.
Time frame:
http://www.bankrupt.com.au/secure_pdf_forms/sheet_ss.pdf
NJ
game over, page-13
-
- There are more pages in this discussion • 89 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $7.241K | 2.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 21020999 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 50091 | 1 |
View Market Depth
| Last trade - 13.23pm 13/09/2024 (20 minute delay) ? |
| SMM (ASX) Chart |