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Verge v Devere Holdings Pty Ltd (No 5) [2010] FCA 1452

by Emma.Gleeson 24. January 2011 16:14

Facts

This judgment deals with the final relief to be granted as a result of the findings in Verge v Devere Holdings Pty Ltd (No 4) [2010] FCA 653. Much of the judgment deals with the issue of costs and is not relevant to the Corporations Act 2001 (Cth) or company law.

 

One of the orders sought and granted was for adjustment of a company share register pursuant to section 175 of the Corporations Act.

 

Outcome

The respondents had not filed an appeal and to enable them to have time to do so and to apply for a stay, the Court tailored the relief to order that the adjustment not take place before the expiry of 28 days: [33]-[34].

 

 

Relevant paragraphs of Ford

[21.050], [21.061], [21.371], [24.506]

 

Tags:

Ford's Principles of Corporations Law



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