Certification requirements - Mini-scenario 1

1:ASIC has initiated proceedings against Lawrence Ellis for breach of his directors duties under the Corporations Act 2001 (Cth). ASIC has not filed any certificates. What certificates should it have filed?
A)

Overarching obligations certificate

Incorrect

  

B)

Proper basis certificate

Incorrect

  

C)

Both certificates

Correct

  

2:Can you commence proceedings notwithstanding this failure?
A)

Yes

Correct

 

B)

No

Incorrect

 

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