GTP 0.00% 12.0¢ great southern limited

corporations act-sect 596, page-2

  1. 3,438 Posts.
    Let's see what the examination finds,apart from what we little know how this whole event occurred,except what we have experienced,it will IMO be a can of worms

    CORPORATIONS LAW- SECT 596E
    Notice of examination
    If the Court summons a person for examination, the person who applied for the summons must give written notice of the examination to:

    (a)
    as many of the corporation's creditors as reasonably practicable; and
    (b)
    each eligible applicant in relation to the corporation, except:
    (i)
    the person who applied for the examination; and
    (ii)
    if a person authorised by the Commission applied for the examination?the Commission; and
    (iii)
    a person who is such an eligible applicant only because the person is authorised by the Commission.

 
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