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(Solved) Business and Corporations Law Assignment

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Added on  2021-06-15

(Solved) Business and Corporations Law Assignment

   Added on 2021-06-15

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Business and Corporations LawASIC v Narain [2008] FCAFC 120
(Solved) Business and Corporations Law Assignment_1
Introduction•In ASIC v Narain case, the ASIC claimed that the corporation had made a misleading and deceptive announcement to the ASX.•ASIC claimed that along with the company, its managing director and CEO, Mr Narain is liable under section 1041H.•The Full Federal Court provided a judgment that the managing director is liable for breaching section 1041H and 180 of the Corporations Act 2001 (Cth).
(Solved) Business and Corporations Law Assignment_2
Facts of the Case•On 27th September 2005, Citrofresh International Limited (CIL) announced on ASX through a letter that it has found a way to cure and prevent HIV and the common cold (ASIC, 2008).•ASIC filed a suit against the corporation and Mr Narain for making a misleading or deceptive announcement.•Mr Narain was involved in drafting and processing of the letter even though the company secretary issued it.
(Solved) Business and Corporations Law Assignment_3

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