Orporate law Essay Example | Topics and Well Written Essays - 1000 words

Orporate law - Essay ExampleThis softwargon is directly connected to ASIC. however if a person doesnt wish to engage in this and instead wishes to contact ASIC directly, they will need to do the succeeding(a)Once the same is selected, it needs to be silent with ASIC. This is done by completing Form 410 that is meant for this purpose. Once the defecate is completed, ASIC would reserve the name for a period of two months. Names are not indefinitely reserved and extension can be requested.Reserving a name is important because once you have decided on a name and you do not want anyone to use it and at that place is still some cartridge holder before you can register the firm then ASIC protects your name for the period.e) The criminalize and Disqualified Registers contains schooling most persons who have been disallowed by the government to engage in the management of a company. Some of them are verboten from participating in the financial serve industry completely. The registe rs would contain information such as persons beat name, his address, the date when banning order was passed and the date when it would end. These registers are divided into four categories namelyThis register contains information only about persons who have been disqualified from managing a corporation under the Corporations Act. The notices about such persons are sent to the ASIC and their names are then added to the register. However it must be carefully noted that there are other persons who are not allowed to manage a corporate because they are bankrupt or have a criminal record. The notices may not reach ASIC in these cases and thus their names do not appear on the list. Banned Securities Representatives RegisterThis registers contains names of pre-AFS licensees. The multitude who hold these licenses act as authorized representatives of licensed advisers. In the case the adviser or a representative is prohibited by the ASIC for giving advice, their names will appear in this r egister. These throng are also part of the Banned and Disqualified register but their names may not be duplicated there. Banned Futures Representatives RegisterThe people on this register are those who have the pre-AFS license but are not allowed to practice as advisors in future. AFS Banned/Disqualified Persons RegisterAny person who works in the financial services sectors needs to have AFS license or work as a representative of someone who has this license. These people are authorized dealers and their names can be found on the list of authorized advisors. However under FSR legislation, which commenced on 11 March 2002, there are