Compliance
A compliance order may be issued if a company or its officers fail to fulfil obligations under the Companies Act within 14 days of notice. Courts can compel compliance and impose costs on those at fault, such as directors or liquidators. Courts may also freeze the assets of officers to prevent evasion of obligations when a qualifying civil claim exists. Disclosure orders allow the court to investigate interests in a company’s shares or debentures, compelling parties to disclose ownership details, including interests held by family members or controlled corporations. This is done to safeguard financial interests or address concerns about prejudicial non-disclosure.