The regulatory environment of companies

Joseph is a company secretary and director of Big Co Ltd. Joseph has not complied with the regulations under the Corporations Act whereby various changes in the company must be made known to ASIC. The company appears to have a number of irregularities, which if not criminal, are technical breaches.

What might be the reaction of ASIC to Joseph and the company's situation?

1= Issue

2= Law

3= Application

4. Conclusion