Question
A director of ABC Ltd is found guilty of dishonesty and is charged with contravening section 184 of the Corporations Act . Which one of
A director of ABC Ltd is found guilty of dishonesty and is charged with contravening section 184 of the Corporations Act. Which one of the following is correct?
a. | The director may be imprisoned for up to 15 years and/or receive a monetary fine. | |
b. | The director may receive a monetary fine but not imprisonment as imprisonment is no longer deemed an appropriate penalty for company directors. | |
c. | The director will be automatically disqualified from managing corporations in Australia for life. | |
d. | The shareholders can choose the penalty of either imprisonment or a monetary fine. |
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