Corporations Act 2001
An application for an order under section 233 in relation to a company may be made by:
(a) a member of the company, even if the application relates to an act or omission that is against:
(i) the member in a capacity other than as a member; or
(ii) another member in their capacity as a member; or
(b) a person who has been removed from the register of members because of a selective reduction; or
(c) a person who has ceased to be a member of the company if the application relates to the circumstances in which they ceased to be a member; or
(d) a person to whom a share in the company has been transmitted by will or by operation of law; or
(e) a person whom ASIC thinks appropriate having regard to investigations it is conducting or has conducted into:
(i) the company's affairs; or
(ii) matters connected with the company's affairs.
Note 1: If an application is made under this section, in certain cases the court may order that the company be wound up in insolvency (see section 459B).
Note 2: For selective reduction , see subsection 256B(2).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.