CORPORATIONS ACT 2001 - SECT 1224X Temporary corporate director fails to initiate appointment of permanent corporate director
CORPORATIONS ACT 2001 - SECT 1224X
Temporary corporate director fails to initiate appointment of permanent corporate director(1) This section applies if:
(a) a temporary corporate director is appointed by the Court under section 1224V; and
(b) the temporary corporate director fails to call a members' meeting to consider and vote on a special resolution choosing a company to be the permanent corporate director within the period applicable under subsection 1224W(3).
(2) An application to the Court for the appointment of a temporary corporate director of the CCIV under section 1224V may be made by any of the following:
(a) ASIC;