ASIC has today released Consultation Paper 337 Externally administered companies: Extending financial reporting and AGM relief (CP 337) seeking feedback on proposals to reduce the regulatory burden for externally administered companies.
ASIC is proposing to expand the relief in ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 (LI 2015/251) to companies where a voluntary administrator, controller or provisional liquidator (relevant external administrator) is first appointed by conditionally:
- extending the deferral of financial reporting obligations for the period of the external administration up to a maximum of 24 months; and
- allowing public companies to defer their obligation to hold an Annual General Meeting…
Read the full article at: https://www.miragenews.com/asic-consults-on-financial-reporting-and-agm-deferral-relief-for-companies-in-external-administration/
