ODCE clamps down on involuntary closures

Thousands of company directors face being censured by the High Court following a series of landmark legal actions by the corporate enforcer.

Ian Kehoe - avatar

Ian Kehoe

4th August, 2007

Thousands of company directors face being censured by the High Court following a series of landmark legal actions by the corporate enforcer.

The director of corporate enforcement, Paul Appleby, has launched a major crackdown against directors who allow their company to be involuntarily struck off the Companies Register, leaving behind significant debts.

About 14,000 companies have been struck off the register in the past two years. While the majority of these companies applied to be...

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