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What powers does ASIC have to enforce civil remedies?
What powers does ASIC have to enforce civil remedies?
a.While ASIC has the power to bring civil proceedings, so far ASIC has been reluctant to undertake such proceedings
b.ASIC can undertake proceedings for civil penalties against directors or individuals, in the public interest, even without the permission of the company itself
c.ASIC will normally only bring civil proceedings in order to protect the interests of creditors. The members of the company have access to various other remedies specified in the Corporations Act
d. ASIC will normally only bring civil proceedings in order to protect the interests of creditors. The members of the company have access to various other remedies specified in the Corporations Act
